When it comes to meme coins, PEPE has undoubtedly been one of the best performers in the last year. The meme coin reached an all-time high after an all-time high in 2024, eventually crossing the $5 billion market cap. The rapid rise in price was followed by a surge in the open interest of the meme coin at the time. However, with time, the open interest has seen a notable decline, both in price and in open interest, but this could be good news for the PEPE meme coin. PEPE Open Interest Down 72% In the middle of 2024, the PEPE price rose quickly as the crypto market rebounded. This rise to new all-time high levels also meant that interest in the meme coin was rising rapidly and the result was the PEPE open interest actually touching a new all-time high of its own. Related Reading: Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says According to data from the Coinglass website, in May 2024, the PEPE price rose to its current peak of $0.000017, while the ..
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