The price of the memecoin PEPE has experienced a notable increase recently, driven by several key factors:

1. Accumulation by large investors ("whales"): A significant investor withdrew 2 trillion PEPE tokens from Binance, indicating strong confidence in the asset and reducing the available supply in the market, pushing its price upward.

2. Bullish technical patterns: Analysts identified formations such as "Phoenix Rising" and breakouts from ascending triangles, which often precede price increases. These technical signals have attracted more investors, contributing to the upward momentum.

3. Increase in interest in the derivatives market: Open interest in PEPE futures surpassed $434 million, and there was a significant liquidation of short positions, leading to a "short squeeze" and accelerating the price rise.

4. Growing trading volume: PEPE surpassed Dogecoin in daily trading volume, becoming the most traded memecoin and the sixth most traded cryptocurrency globally (excluding stablecoins), reflecting an increase in demand and market activity.

In summary, the rise of PEPE is also due to the rebound of Ethereum. All of this together has caused PEPE to rise by about 80% in the last week. Those who bought PEPE before the rise will be savoring and enjoying...