“PEPE Explodes 30%: Are Meme Coins the Next Big Play in a $116K Bitcoin Market?”
$PEPE has caught fire again, surging 14-17% in the last 24 hours and an impressive 30% over 48 hours, now trading at $0.000012. This rally comes as Bitcoin holds strong above $116,000, creating a bullish backdrop for high-risk, high-reward meme coins.
🚀 Why PEPE is Pumping:
A whale purchased 227.8B PEPE ($2.68M) in a single transaction, signaling strong conviction.
Exchange supply dropped 2.9% in 10 days, reducing sell pressure.
Institutional holdings grew 1.75% (303T tokens) last month.
Top 10 wallets control only 37.5-39% of supply, showing healthier decentralization compared to SHIB.
📊 Chart Signals You Can’t Ignore:
RSI cooled from an overbought 79.79 to a neutral 50, resetting for potential upside.
A triangle consolidation pattern points to $0.000014 as the next target.
Sustained outflows and whale activity could fuel another breakout.
🎯 Smart Trader’s Game Plan:
Consider scaled entries near $0.000012 with tight stops. Watch for a breakout and institutional accumulation as bullish confirmations.
📌 Your Take?
What’s your PEPE strategy? Share your thoughts in the comments below!
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