Pepper

Analyze PEPE

PEPE has shown strong market performance recently, consistently ranking high in price increases and leading in trading volume, with the following dynamics:

High Price and Trading Volume: In the past 24 hours, the price has increased by 9.23%, and the trading volume has exceeded 1 billion USD (an increase of 46%), making it the only token of this scale on the gainers list. The surge in trading volume is driven by both spot accumulation and active futures trading.

Bullish Sentiment in the Futures Market: Short positions lost 2.55 million USD in 24 hours, while long positions only lost 708,000 USD, indicating a significant profit and loss gap between bulls and bears. The long-to-short ratio reached 1.06 (above 1), and the weighted financing rate of open interest has been positive for three consecutive days, with the market continuously betting on upward movement.

Spot Holders Actively Accumulating Coins: Long-term holders bought 6 million USD worth of PEPE in the past 24 hours and transferred it to private wallets. If this continues, it may trigger a supply crunch, further driving up prices.

Current market bullish momentum is dominant, but caution should be exercised regarding high volatility risks, as short-term trends may be influenced by capital flows and changes in sentiment.

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