PEPE search volume is surging—is it a sign of the next 10x coin, or a distribution trap?
Searches for $PEPE on Square are rising significantly. With the Meme coin rotation turning its attention to it, many people think this could be the start of the next 10x narrative.🔥
But don’t be fooled by the hype. Historical data shows that search volume peaks often coincide with liquidity turning points, not the start of a trend. This is just existing capital testing the waters. The reason not to blindly chase the price is that there’s simply no fresh money entering the market right now.
Keep a close eye on three specific details: First, does the large-order buy/sell ratio show net outflows as the price rises? Second, is the depth of buy orders from the first to the fifth level of the order book shrinking rapidly? Third, can 5-minute trading volume remain elevated during short-term price spikes?👀
When a thick wall of buy orders suddenly appears on the order book late at night, but the price doesn’t budge even half a tick, that’s when the bulls are quietly taking their fingers off the trigger.
#PEPE $PEPE
Searches for $PEPE on Square are rising significantly. With the Meme coin rotation turning its attention to it, many people think this could be the start of the next 10x narrative.🔥
But don’t be fooled by the hype. Historical data shows that search volume peaks often coincide with liquidity turning points, not the start of a trend. This is just existing capital testing the waters. The reason not to blindly chase the price is that there’s simply no fresh money entering the market right now.
Keep a close eye on three specific details: First, does the large-order buy/sell ratio show net outflows as the price rises? Second, is the depth of buy orders from the first to the fifth level of the order book shrinking rapidly? Third, can 5-minute trading volume remain elevated during short-term price spikes?👀
When a thick wall of buy orders suddenly appears on the order book late at night, but the price doesn’t budge even half a tick, that’s when the bulls are quietly taking their fingers off the trigger.
#PEPE $PEPE