Pepe

Analyze PEPE

PEPE has recently shown strong market performance, consistently ranking high in price increases and leading in trading volume. The specific dynamics are as follows:

High prices and trading volume: In the past 24 hours, the price increased by 9.23%, and the trading volume exceeded $1 billion (a 46% increase), making it the only token in the price increase ranking to reach such a scale. The accumulation of spot and the activity in futures trading have jointly driven the surge in trading volume.

Bullish sentiment in the futures market: Short positions lost $2.55 million in 24 hours, while long positions only lost $708,000, showing a significant difference in profit and loss. The long-to-short ratio reached 1.06 (above 1), and the open interest weighted financing rate has been positive for three consecutive days, with the market continuously betting on an increase.

Spot holders are actively accumulating tokens: Long-term holders bought $6 million worth of PEPE in the last 24 hours and transferred it to private wallets. If this continues, it may trigger a supply squeeze, further pushing up prices.

Current market bullish momentum is dominant, but caution is needed for high volatility risks, as short-term trends may be influenced by capital flows and changes in sentiment.

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