Pepe Coin (
PEPE
), a meme coin, has recently hit an ATH of $0.00001109, marking a significant shift in smart money activity. The token has defied the crypto market's expectations and has gained unprecedented momentum. On-chain data reveals that nearly 250.5 billion
PEPE
was shuffled by smart money addresses during the token's recent hitting of a new ATH. This has ignited speculation among investors about the meme coin's potential to offer gains in the future.
Data revealed by on-chain analytics platforms showed 250.40 billion PEPE was moved in the past 24 hours, showcasing Pepe coin accumulations and dumps by smart money traders. One smart money address, 0x37, was noted to have been accumulating 406.74 million PEPE from Binance, while another smart money address, 0x647, offloaded a whopping 250 billion PEPE to the same exchange. This address still holds considerable amounts of PEPE worth 7.25 billion coins, hinting that the investor believes the token could pump even higher.
As of writing, PEPE's price has rallied 22% in the past 24 hours and currently sits at $0.00001116. Its 24 hour lows and highs are $0.00000831 and $0.00001097, respectively. By ditching a zero from its value, the meme coin has achieved a monumental achievement, although speculations loom about whether it can hold this level.
Significant PEPE buying in recent days has brought considerable buying pressure on the frog-themed meme token. The coin's 24-hour trading volume further rocketed 280.38% to $2.11 billion, pushing the token to a bullish stage. Coinglass data also flagged a market uptrend scenario for Pepe coin, with open interest surged 14.92% to $107.51 million and a derivatives volume upswing of 235.45% to $2.12 billion. This data paints a highly optimistic scenario for PEPE at press time, although speculations of a correction loom primarily due to the RSI hovering at 70.
PEPE coin is trading with a Relative Strength Index (RSI) of 75.29 which implies PEPE coin is overbought. The daily price chart depicts a bullish flag pattern which is poised for further growth.
Data revealed by on-chain analytics platforms showed 250.40 billion PEPE was moved in the past 24 hours, showcasing Pepe coin accumulations and dumps by smart money traders. One smart money address, 0x37, was noted to have been accumulating 406.74 million PEPE from Binance, while another smart money address, 0x647, offloaded a whopping 250 billion PEPE to the same exchange. This address still holds considerable amounts of PEPE worth 7.25 billion coins, hinting that the investor believes the token could pump even higher.
As of writing, PEPE's price has rallied 22% in the past 24 hours and currently sits at $0.00001116. Its 24 hour lows and highs are $0.00000831 and $0.00001097, respectively. By ditching a zero from its value, the meme coin has achieved a monumental achievement, although speculations loom about whether it can hold this level.
Significant PEPE buying in recent days has brought considerable buying pressure on the frog-themed meme token. The coin's 24-hour trading volume further rocketed 280.38% to $2.11 billion, pushing the token to a bullish stage. Coinglass data also flagged a market uptrend scenario for Pepe coin, with open interest surged 14.92% to $107.51 million and a derivatives volume upswing of 235.45% to $2.12 billion. This data paints a highly optimistic scenario for PEPE at press time, although speculations of a correction loom primarily due to the RSI hovering at 70.
PEPE coin is trading with a Relative Strength Index (RSI) of 75.29 which implies PEPE coin is overbought. The daily price chart depicts a bullish flag pattern which is poised for further growth.
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