Key Highlights:
- PEPE’s price surged nearly 90% over the past week, reaching $0.000015.
- Open Interest in PEPE futures reached an all-time high of $672 million.
- Analysts predict a potential rise to $0.000021 if bullish momentum continues.
PEPE’s Meteoric Rise
The frog-themed meme coin, PEPE, has experienced a significant rally, with its price climbing nearly 90% over the past week to reach $0.000015. This surge is attributed to increased investor interest and a broader bullish sentiment in the cryptocurrency market.
Record-Breaking Open Interest
PEPE’s Open Interest (OI) in futures contracts has reached a new peak of $672 million, indicating a substantial influx of capital and heightened trading activity. This surge in OI suggests that traders are increasingly betting on PEPE’s continued upward momentum.
Price Predictions and Market Sentiment
Analysts are optimistic about PEPE’s short-term prospects, with some forecasting a potential rise to $0.000021. The current market sentiment is bolstered by the coin’s strong performance and the growing interest from both retail and institutional investors.
PEPE Market Snapshot
| Metric | Value |
|---|---|
| Current Price | $0.000015 |
| Weekly Gain | +90% |
| Open Interest (Futures) | $672 million |
| Next Target Price | $0.000021 |
| Market Sentiment | Bullish |
7-Day PEPE Price Chart
Data sourced from CoinMarketCap as of May 12, 2025.
Investor Insights
The recent surge in PEPE’s price and Open Interest reflects a growing confidence among investors. However, as with all investments, it’s essential to conduct thorough research and consider market volatility.
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