PEPE Coin Defies Market Trends with Unstoppable Bull Run
TL;DR Summary
Shorters betting against Pepe Coin (PEPE) have lost at least $11 million in the past 24 hours as the token's valuation jumped to $900 million. The warnings of an impending collapse due to the number of whales who purchased PEPE in mid-April did not come to fruition, and the token has gained 500% in the past two weeks. Funding rates in perpetual futures tied to the token remain negative, indicating the dominance of bearish positions in the derivatives market.
- Pepe Coin Shorters Lose Millions as PEPE Jumps to $900M Valuation CoinDesk
- Pepe Coin Skyrockets Over 86%, Leaves DOGE, SHIB In The Dust Benzinga
- From $27 to $4M: Pepe Wallet Unable To Sell Unstoppable Rally NewsBTC
- I Done Got Rich off PEPE, Rapper Soulja Boy Says, Price up 51% U.Today
- Bitcoin Flat at $29K, PEPE Continues Epic Bull Run (Market Watch) CryptoPotato
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
85%
532 → 79 words
Want the full story? Read the original article
Read on CoinDesk