PEPE Coin Surges to 2-Month High, Investors Profit-Taking
– PEPE recently reached a 2-month high after gaining momentum in the past two days.
– The coin dropped below the $0.000001 support level on June 10 due to a market-wide decline.
– After consolidating, PEPE rallied on June 20 and closed above the $0.000001 mark.
– A subsequent rally on June 21 saw PEPE reclaim a high of $0.00000147.
– PEPE reached a peak of $0.00000179 on June 23 before facing opposition but regained the two-month high of $0.0000019 on July 3.
PEPE Investors Capitalize on Rally
– PEPE investors who purchased the coin during its downtrend have started profiting.
– An investor withdrew 945 billion PEPE worth $1.64 million from Binance and is selling for ETH.
– The investor has dumped over 203 billion PEPE for 180 ETH worth $351K+.
PEPE Faces Resistance and Declines
– Despite the recent rally, PEPE has met resistance and experienced consistent declines.
– The coin dropped to a low of $0.00000171 but has seen a modest comeback.
– As of now, PEPE is down 5.43% today.
Hot Take
PEPE’s recent surge and the profitable opportunities experienced by investors show the potential of meme coins in the market. However, the coin’s resistance and declines highlight the volatility associated with these assets. It’s important for investors to carefully consider the risks before engaging in profit-taking or trading meme coins like PEPE.
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