Alert
PEPE cryptocurrency could crash by around 30%! 📉
The meme coin craze is back, but there are signs that PEPE might be too expensive. More people are borrowing money to buy PEPE, and the interest rates are high, which could lead to many people selling their PEPE coins at once.
PEPE has a lot of open interest, which means a lot of people are betting on its price. This makes up 11% of PEPE's total value, even more than XRP. Even though fewer people are trading PEPE recently, more people are still interested in it.
Traders who bet that PEPE's price will go up are paying a lot of money to those who think it will go down. This could cause a situation where many people have to sell their PEPE coins at a low price.
But if more and more money keeps coming into PEPE, its price might keep going up. 📈💰
Be careful! Cryptocurrencies can change a lot in a short time. Think carefully before investing. 📉💰
[Note: This is not advice on what to do with your money. It's just information to help you understand what's happening with cryptocurrencies.