In a world where the digital and the absurd collide, PEPE has once again proven that it dances to the beat of its own, rather peculiar, drum. Despite the Bybit fiasco, which saw the exchange part with a sum that would make Croesus weep, PEPE has rebounded with the enthusiasm of a cat chasing a laser pointer. A 6% surge, you ask? Merely a trifle in the grand tapestry of cryptocurrency’s madcap theatre.
PEPE’s Quixotic Rise: Traders Gamble on Ethereum‘s Misfortune
Last Friday, PEPE, that most whimsical of memecoins, took a tumble that would make a trapeze artist blush. Yet, like a phoenix rising from the ashes—or perhaps more accurately, like a rubber duck bouncing off the bathtub floor—it has shown signs of life. The Bybit hack, with its $1.4 billion worth of ETH vanishing like a magician’s rabbit, left many scratching their heads. But not PEPE. Oh no, PEPE saw an opportunity for a little frolic in the market’s meadow.
//coingape.com/wp-content/uploads/2025/02/Screen-Shot-2025-02-22-at-9.27.51-PM.png”/>
The crypto world, ever the drama queen, rallied to the cause. Binance, with its usual flair for the dramatic, swooped in like a knight in shining armor, depositing 50,000 ETH into Bybit’s coffers. And what of Bybit’s CEO? He reassured his users with the same conviction one might use to promise a cat that the bath is purely for its own good.
This display of solidarity has, for now, averted a repeat of the FTX debacle. And PEPE, with a cheeky grin, has bounded back, up 6% and ready for its next adventure.
Bulls Stake $9M on PEPE’s Rebound: Ethereum Buys Back the Fun?
The Bybit saga continues, with the stolen ETH nestled comfortably in cold wallets, like a dragon hoarding its gold. Meanwhile, the bulls have decided that PEPE is the place to be, staking a cool $9 million on its continued rise. Analysts, with their crystal balls and charts, are hinting that Bybit’s buy-back might just be the ticket to Ethereum’s—and by extension, PEPE’s—next big thing.
“BYBIT hacker can’t sell $1.45 billion ETH for USDC or USDT because it will get frozen by Circle or Tether. So he just took $1.46 billion selling pressure from ETH. For BYBIT to cover customer ETH, they will have to buy $1.46 billion worth of ETH from (the) market.”
— Ash Crypto, (Analyst) Feb. 21, 2025
With the market’s heart still racing from the thrill of it all, PEPE’s 6% recovery is a beacon of hope—or perhaps a red flag, depending on one’s perspective. The long positions are piling up, and the short traders are beginning to look like deer in headlights.
Coinglass’ heatmaps are sizzling, and the market sentiment is shifting faster than a politician’s promises. The bulls are charging, and PEPE is their banner. Short traders, beware: thePEPE party might just be getting started.
While PEPE has yet to fully recover its losses, the market is abuzz with the kind of excitement that only a memecoin can generate. If Ethereum’s buy-backs are as juicy as they promise, PEPE might just have the last laugh.
PEPE’s Price Forecast: A Close Above $0.000011 Could Spark a Revolution
PEPE’s price forecast is as unpredictable as a game of musical chairs. Yet, the memecoin has shown a glimmer of hope,,
Read More
- Top 5 Swords in Kingdom Come Deliverance 2
- Best Avowed Mage Build
- Reverse: 1999 – Don’t Miss These Rare Character Banners and Future Upcoming Updates!
- How to Use Keys in A Game About Digging A Hole
- EUR AUD PREDICTION
- Brent Oil Forecast
- OKB PREDICTION. OKB cryptocurrency
- 8 Best Souls-Like Games With Co-op
- USD DKK PREDICTION
- LUNC PREDICTION. LUNC cryptocurrency
2025-02-23 00:41