The post Pepecoin (PEPE) Price Hits New ATH With More than 77% Short Trades Liquidated appeared first on Coinpedia Fintech News
Pepe ($PEPE) price rallied to a new ATH on Thursday as more buyers went all in on the meme coin. According to on-chain data from etherscan, Pepe had more than 83.5k holders as of today, who have facilitated over 557k token transfers. As Pepe whales continued to hold amid the latest dip, the token’s market capitalization spiked above $680 million on Thursday. Additionally, the total trading volume jumped more than 27 percent to about $330 million as of reporting time.
Pepe Market Outlook
According to market data provided by Coinglass OKX, and Huobi are the largest centralized exchanges supporting Pepe trades. In the past 24 hours, approximately $6.48 million in the Pepe market was liquidated, whereby 77 percent constituted short traders. As short traders transform into quick buyers, Pepe’s short squeeze is anticipated to push the meme coin even higher i
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