Is the Frog Ready to Leap? 🐸
$PEPE Trend Report
The meme king is back in the spotlight! PEPE has recently defied the "bearish" narrative, surging over 30% in a single day. But what’s actually fueling this green candle?
1. Smart Money is Moving: While retail was fearful, "Whales" were busy. On-chain data reveals the top 100 wallets have accumulated a massive 23 trillion tokens over the last few months. This massive "Smart Money" buy-in suggests a major shift in long-term sentiment.
2. The Short Squeeze Setup: With a cluster of short positions sitting just above current levels, a small price jump is triggering a domino effect. As shorts are forced to cover, the price is getting rocket fuel it didn't have last month.
3. Global Momentum: This isn't just a local pump; trading volume has exploded to nearly $830 million. PEPE is currently outperforming even Bitcoin, showing that the "Meme Era" is far from over.
Whether it's a "nostalgia rally" or a technical breakout,
$PEPE is proving it still has the most loyal community in crypto. 🚀
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