PEPE, a memecoin, has experienced a breakout and surged to new all-time highs. The rally was driven by significant demand in the derivatives segment, with futures open interest reaching its highest recorded level. However, bearish expectations are returning as short positions dominate, suggesting profit-taking may occur. Whale activity has been active during the rally, with large holders accumulating and taking profits. Despite some retracement, there is potential for further upward movement, potentially leading to liquidations. Overall, the future of PEPE looks optimistic as more upside may be seen in the coming month.



Other News from Today