PEPE’s Meteoric Rise and On-Chain Metrics
The meteoric rise of PEPE is not merely a product of speculation but is backed by robust on-chain metrics. Data from Santiment, a crypto intelligence tracker, reveals a significant uptick in PEPE’s active addresses and social dominance between May 20 and 27. During this period, active addresses nearly doubled, indicating heightened user engagement, while social dominance reflected a growing presence in crypto discussions on social media platforms.
Moreover, the supply of PEPE on exchanges has remained relatively stable. This suggests that selling pressure on PEPE is subdued, potentially paving the way for further price appreciation. With bullish on-chain metrics and growing investor interest, PEPE appears poised to extend its gains in the near term.
