PEPE Price Surge: Trader’s Massive Long Position Signals Potential Rally
Pepe (PEPE) is experiencing a significant uptick in trading activity, with volumes soaring by 41% to reach $2.58 billion. This surge follows a notable move by trader James Wynn, who has reopened a leveraged long position with 10x exposure. Wynn’s previous PEPE trade on Hyperliquid netted him an impressive $26 million, adding credibility to his latest bullish stance. Derivative markets are also reflecting this optimism, as open interest for PEPE futures has hit a record high of 700 million. Currently, the PEPE price stands at 0.00001292 USDT. With such strong indicators, many are speculating that a substantial rally could be on the horizon for PEPE.
Pepe Price Prediction: Top Trader Opens Huge PEPE Long – Rally Incoming?
Pepe (PEPE) is witnessing a surge in trading activity, with volumes spiking 41% to $2.58 billion. The momentum follows a high-profile move by trader James Wynn, who reopened a Leveraged long position with 10x exposure. Wynn previously netted $26 million from a similar PEPE trade on HyperLiquid.
Derivative markets echo this bullish sentiment. Open interest for Pepe futures hit a record 700 million, while Binance data shows 65% of traders hold long positions. The weighted funding rate of 0.0118% confirms dominant bullish positioning.
PEPE’s price consolidation below $0.000015 follows a 50% rally that added $2 billion to its market cap. Market structure suggests accumulation before potential continuation.
PEPE Price Prediction: Can It Break $0.000015 After Trump’s Viral Post?
Memecoin Pepe (PEPE) has surged back into the spotlight, with prices swinging nearly 10% between $0.00001440 and $0.00001490 before settling at $0.00001430. The volatility follows a cryptic post by former President Donald TRUMP on Truth Social, featuring an image titled ’Mission from God’ with a faint frog-like figure in the background.
Market observers are divided on whether the post signals a revival of memecoin mania or mere coincidence. Social media buzz has intensified, with traders speculating on potential price targets. PEPE’s social dominance and open interest have spiked, reflecting renewed retail interest.
The meme coin’s sensitivity to cultural moments was reaffirmed by this event, demonstrating how political figures can inadvertently move niche crypto markets. No direct connection between Trump and PEPE has been established, but the market reaction underscores memecoins’ narrative-driven nature.
Pepe Coin Price At Risk As Massive Whale Dump Of 502B Tokens Ensues
Pepe Coin (PEPE) faces mounting pressure as large-scale holders offload tokens onto exchanges. A single whale deposited 502.5 billion PEPE ($6.47 million) to Binance, continuing a trend of substantial transfers since May 9. Despite retaining 497.5 billion tokens ($6.41 million), this entity has realized $7.47 million in profits within 30 days.
The meme coin’s 12% Friday decline coincided with monthly options expiry and macroeconomic concerns surrounding US PCE inflation data. Trading volumes briefly surged after former President Donald Trump shared a PEPE-themed meme on Truth Social, triggering a 7% price spike and $1.64 billion in daily volume. Market sentiment remains bifurcated—social media enthusiasm contrasts with institutional selling pressure.
