PEPE has experienced an incredible surge in the past month, marking a 100% increase in just 30 days and reaching a new all-time high. This spike has delighted investors, with the majority now in profit according to Into TheBlock data. CoinGecko also shows significant gains for PEPE, reclaiming its position as the third-largest meme coin by market cap. The bullish trend continues, with PEPE's value rising by 3.7% in the last 24 hours, accompanied by increased social media activity. Notably, a whale recently withdrew a substantial amount of PEPE from Binance, indicating strong confidence in the coin's future. However, analysts advise caution, pointing out potential signs of an overheated market based on technical indicators like CMF, MFI, and RSI. Additionally, there's evidence of selling pressure, as observed by Santiment, suggesting a possible correction in PEPE's price.
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