🚀 PEPE IS RISING STRONGLY – IS IT GOING TO FLY AGAIN OR JUST A NEW “HYPE”?
🟢 After the crash in market cap to $2.65B last March, PEPE has returned to the $5 billion mark, up slightly 2% in 24 hours, and broke the long-term downtrend on July 10 – but is this breakout real or just a “fakeout”?
🟢 Google Trends shows a surge in “hotness” from 42% to 92% – is the crowd FOMOing back in?
🟢 Meanwhile, whales are gradually pulling out. James Wynn just took profits from PEPE + ETH totaling $538K, then switched to long 10x DOGE.
🟢 The NVT ratio has decreased sharply by -30.9%, warning that PEPE may be “hotter” than its actual value.
🟢 Next target: $0.000016 – if it maintains the breakout, PEPE could return to its previous peak by late 2024.
L