PEPE big pump 14%, Whale influx rise 200%

If you have been paying attention to the crypto space recently, you must have noticed the crazy performance of PEPE!
This adorable and naive frog memecoin has recently made a strong move, actually rising 14% within a day, directly entering the top five in the crypto market! 🔥
📈 The market is overall hot, PEPE is taking off.
On May 23, the overall crypto market experienced a big pump, with the total market capitalization rising by 4.53%, reaching an astonishing $3.5 trillion! The entire market was in the green, and PEPE certainly did not fall behind, taking off with the momentum!
🐳 Whale also joins the fun: participation skyrocketed by 200%!
According to data platform IntoTheBlock, recent Whale-level transactions have exploded:
Large transactions in the amount of 1 million to 10 million dollars big pump 200%!
The amount of medium transactions between 100,000 and 1,000,000 USD also rose by 119%+
What does this indicate? It indicates that the big players are really getting serious, and their interest in PEPE is rising rapidly 📈!
🧠 Traders are also starting to get "anxious".
CoinGlass data shows that traders have also been driven to use leverage at an astonishing rate:
Support level: $0.00001399
Resistance level: $0.00001611
The current long position (bullish) has reached 15.94 million dollars, while the short position is only 3.28 million dollars, clearly indicating that market confidence leans towards a rise 💪!
📊 Volume is rising + price remains stable, it looks very "strong"
As of the time of writing, the PEPE price is $0.00001403, and not only has it risen 14% for the day, but the trading volume has also surged by 11%. What does this indicate? More people are buying, and money is really coming in!
More importantly, it has firmly stood above the support level of $0.00001485, which has now become PEPE's new "foundation"🏗️.
🔮 Can it rise further? Target 0.000021?
From a technical perspective, if PEPE can stabilize above $0.0000145, it is likely to continue its surge, with the potential to rise another 35%, targeting $0.000021!
🟢 In summary:
Big players are buying, the market is rising, PEPE is strong, and there's more to look forward to! But don't forget to pay attention to the risks; after a big rise, there might also be a pullback~
📌 Do you think this wave of PEPE can continue to be high? Leave a message to talk about it~ 👇 #pepe#
Warm reminder: The content of this article is for informational sharing only, and does not promote or endorse any business or investment activities. Fans are requested to strictly adhere to the laws and regulations of their respective regions and refrain from participating in any illegal financial activities. No trading entry points, guidance, or issuance channel recommendations related to any virtual currency, digital collectibles, issuance, trading, and financing are provided. #山寨行情即将到来吗#