Pepe Coin (PEPE) Hits New All-Time High, 77% of Short Trades Liquidated
Pepe Coin (PEPE) is on a tear! Continuing its meteoric rise, the meme coin has achieved a new all-time high (ATH) price of $0. . The post Pepecoin (PEPE) Price Hits New ATH With More than 77% Short Trades Liquidated appeared first on Coinpedia Fintech News. This surge is fueled by strong investor optimism and significant spot inflows.
$PEPE Rallies to New Heights
Pepe ($PEPE) price rallied to a new ATH on , supported by strong inflows and investor optimism despite increased profit-taking trends. Last week saw spot inflow hit $18.55M, signaling strong buying pressure. Moreover, the meme coin has seen nearly $6.48 million liquidated in just 24 hours, with 77% of these liquidations being short trades. Pepe Coin has also achieved a new all-time high (ATH) price of $0.
Short Squeeze Drives Price Surge
The dramatic price increase has led to a significant short squeeze. More than 77% of short trades were liquidated as Pepe hit a new ATH of $0. . Despite significant selling pressure and large liquidations amounting to $8.46, PEPE's price continues its upward trajectory.
Leveraged Trading Intensifies
PEPE futures Open Interest nears $600M, reflecting a surge in leveraged trading as $1M short positions liquidate. The Chaikin Money Flow (CMF) indicates strong buying pressure, further supporting the bullish momentum for Pepe Coin. The market is closely watching to see if this trend can be sustained.