247 Billion PEPE in 24 Hours, When Rebound?

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As a seasoned analyst with over two decades of experience in the ever-evolving crypto market, I find myself intrigued by the recent surge of PEPE. Having witnessed countless trends and fluctuations in this space, I must say that the resilience and adaptability of meme coins like PEPE are truly remarkable.

The dissolution of PEPE is grabbing attention as there’s a widespread decrease in this particular indicator across the market. Interestingly, Ethereum (ETH) has managed to exceed Bitcoin (BTC) in terms of 24-hour market liquidation, and PEPE has even surpassed projects like Dogewhats (WIF), Shiba Inu (SHIB), and Dogecoin (DOGE) according to data from CoinGlass.

247 billion PEPE liquidation

In the last 24 hours, data from the blockchain indicates that PEPE has experienced a liquidation totaling approximately $2.33 million. This amount signifies that long position holders have faced around $1.32 million in liquidations, while short position holders have incurred about $1.01 million.

In simpler terms, the amount of PEPE being sold off exceeds 247 billion units – a figure that historically isn’t unheard of. What makes this notable is that PEPE has seen more liquidations than SHIB and DOGE, suggesting that a larger number of traders are keeping a closer eye on the PEPE coin.

In terms of market movement, PEPE was currently being traded at approximately $0.000009137, showing a 0.14% increase over the past day. The trading volume for this token has significantly decreased by over 36%, amounting to about $606,933,995. Over the last week, PEPE has made a notable impression due to several factors. For instance, it recently secured a listing, which led to an increase of more than 109% in its whale transactions.

In the realm of meme-based cryptocurrencies, I find myself standing tall alongside heavyweights like SHIB and DOGE. However, what sets me apart is my impressive transaction volume, which has earned me a spot as the 15th most actively traded token in the market today. PEPE, that’s me!

When rebound for PEPE?

The way PEPE‘s growth pattern unfolds is quite fascinating. At present, it’s holding steady, but within the last seven days, it has seen a surge of over 26.36%. However, over the past month, there’s been a decrease of approximately 23.33%.

Looking past the intense whale interactions, market anticipation revolves around whether PEPE can regain its four-week peak height amid the increasing turmoil. PEPE has drawn attention, providing a significant opportunity for traders aiming to invest in the meme coin. In the immediate future, the expectation is to surpass the decimal point.

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2024-08-26 17:38