$PEPE
🚨 Pepe Bulls Absorb $18.55M Supply Spike Last Week 🚨
PEPE’s latest surge reflects a short-term tug-of-war between short-term profit-takers and long-term holders. According to Coinglass data, Pepe Spot Inflow/Outflow shows a netflow of $10.52 million into exchanges on May 12, followed by an $18.55 million inflow last week. Despite a supply spike, Pepe rally continues as buyers absorb the selling pressure, signaling underlying strength of bulls.
Based on IntoTheBlock’s data, the average holding time of transacted coins remains under one month for the last couple of weeks. This indicates short-term traders booking profit while the long-term holders stand on sidelines.