In just ten days, Justin Sun quietly scooped up nearly 3% of $PEPE . Once an on-chain analytics firm disclosed it, the frog token became the biggest gainer among major coins today, rising around 16% on the spot market in 24 hours and briefly hitting 0.00000505 just now.
If you’re holding PEPE, my plan tonight is to lock in half my profits near 0.0000050 and use 0.00000476 as a stop for the other half. That’s where this breakout started. If the price falls back below it, I’m out completely—I’m not going to sit around waiting.
Why not hold everything and bet on a second wave? Look at the futures market: the value of perpetual open interest has climbed from around $85 million at this time yesterday to $109 million now, nearly 30% higher in a day. The funding rate has also risen to 0.025%, well above normal. That suggests leverage is driving the move, rather than spot buying alone. Interestingly, the overall market account long/short ratio has actually fallen from 2.36 to 2.10, meaning quite a few newcomers are opening short positions. So if PEPE breaks convincingly above 0.00000505 on strong volume, I wouldn’t be surprised to see a short squeeze push it to 0.0000052–0.0000054. But that would be a reward for people already holding—not a reason to chase it.
Also, don’t forget the Fed decision at 2 a.m. Thursday. It’s perfectly normal for a news-driven meme coin to get whipsawed when a major macro event hits. Sun’s entry price is also around 0.0000041. He’s in no rush, so we don’t need to rush on his behalf.
If you haven’t gotten in yet, don’t chase it above 0.00000476. Wait and see if it pulls back to that area, volume dries up, and the price holds.
If you’re holding PEPE, my plan tonight is to lock in half my profits near 0.0000050 and use 0.00000476 as a stop for the other half. That’s where this breakout started. If the price falls back below it, I’m out completely—I’m not going to sit around waiting.
Why not hold everything and bet on a second wave? Look at the futures market: the value of perpetual open interest has climbed from around $85 million at this time yesterday to $109 million now, nearly 30% higher in a day. The funding rate has also risen to 0.025%, well above normal. That suggests leverage is driving the move, rather than spot buying alone. Interestingly, the overall market account long/short ratio has actually fallen from 2.36 to 2.10, meaning quite a few newcomers are opening short positions. So if PEPE breaks convincingly above 0.00000505 on strong volume, I wouldn’t be surprised to see a short squeeze push it to 0.0000052–0.0000054. But that would be a reward for people already holding—not a reason to chase it.
Also, don’t forget the Fed decision at 2 a.m. Thursday. It’s perfectly normal for a news-driven meme coin to get whipsawed when a major macro event hits. Sun’s entry price is also around 0.0000041. He’s in no rush, so we don’t need to rush on his behalf.
If you haven’t gotten in yet, don’t chase it above 0.00000476. Wait and see if it pulls back to that area, volume dries up, and the price holds.
