Why has $PEPE increased in the past few days? What are the reasons?
1. The meme coin market has gone crazy, all funds are trading "animal coins"
Recently, Bitcoin has been stagnant, but retail funds have nowhere to go and have returned to trading meme coins (like DOGE, SHIB, WIF), and PEPE, as a "veteran frog meme coin," has naturally been propelled.
2. Whales and institutions are secretly buying, driving up prices and offloading in one go
On-chain data shows several mysterious large accounts are hoarding PEPE at low prices, then driving up the price in line with market sentiment, attracting retail investors to follow suit, making it easier to cash out at higher positions later.
3. The community plays with memes + celebrity effect, the hype explodes
On Twitter and Telegram, some people are wildly posting PEPE memes, combined with certain influencers/KOLs calling for trades, as the hype rises, new investors rush in to buy.
4. Short sellers get wrecked, forced to buy back at high prices
Many people previously shorted PEPE, but the price suddenly surged, causing short sellers to get liquidated and forced to buy back coins at high prices, further driving up the price.
5. Technical breakthroughs attract short-term gamblers
PEPE broke through a key price level a few days ago, and technical analysts felt it was “about to take off,” leading them to go all in, and indeed, it surged.
Additionally, a certain exchange has launched PEPE contracts, making it easier for gamblers to trade.
As for whether it will continue to rise, it may still spike in the short term because retail FOMO (fear of missing out) sentiment is still present.
However, meme coins rise quickly but fall even faster; a big sell-off can halve the price, so don't get carried away! If you make a profit, run quickly; if you lose, don't cry! 🐸
