PEPE Reaches New ATH at $0.000026948; What’s Next for This $11B Token?
Release: 2024/12/09 15:19 Reading: 640
- Original author：Crypto News Land
- Original source：https://cryptonewsland.com/?p=203892
Pepe Coin Surges to $0.000026948 ATH, Overtaking Uniswap
December 9, 2024 at 11:15 AM GST
Updated: December 8, 2024 at 08:33 PM
2 mins read
Pepe Coin (PEPE) has surged to a new all-time high (ATH) of $0.000026948, surpassing Uniswap as the 20th largest cryptocurrency by market capitalization, which now stands at $11 billion.
Demand and Momentum
The surge in PEPE's value has been driven by strong demand from whales, who have made significant purchases. Whale addresses have shown confidence by acquiring large amounts of PEPE, such as one whale's recent purchase of 4.89 million USDC worth of PEPE after a price dip.
Additionally, the rise in Open Interest, which has increased by 41.12% to a record $335.25 million, indicates that more traders are taking positions in PEPE. The growing number of daily active addresses further supports the rising market participation.
Outlook
The strong accumulation by whales and positive market sentiment suggest that PEPE may continue to gain value. However, potential challenges remain, including price corrections. A potential support level for PEPE is around $0.000022.
Key Points
- PEPE's market cap has reached $11 billion, surpassing Uniswap.
- Whale accumulation and rising Open Interest indicate strong demand and bullish momentum.
- Sustained growth may push PEPE higher, with potential support at $0.000022 during corrections.
Disclaimer:
The information provided should not be construed as investment or financial advice. It is recommended to conduct thorough research and consult with an expert before making any investment decisions.
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