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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Pepecoin continued its upward move on Thursday. At the time of writing, PEPE was trading at around 0.000004012, posting gains of 6.08% in the last 24 hours. The recovery followed a period of cautious trading tied to geopolitical developments, with easing tensions helping risk appetite return.
The broader crypto market rebound has supported speculative assets, with traders showing increased willingness to take on risk—often translating into higher demand for meme-based tokens. Pepe was among the assets benefiting from the shift toward a more risk-on environment.
Derivatives market data pointed to a rise in activity. Open interest in PEPE futures climbed by roughly 20% within 24 hours, reaching $228.67 million. The increase suggests more traders entering positions, with a bias toward further upside.
Higher open interest typically reflects stronger conviction and improved liquidity, which can help sustain momentum if it continues. The rally also coincided with rising retail interest, supported by growing social attention and trading volumes.
Large wallet investors were also a key factor in the current trend. On-chain data showed consistent accumulation among holders with significant balances, behavior often associated with longer-term participation and potential influence on market direction.
Wallets holding between 100 million and 1 billion PEPE tokens increased their combined holdings to 10.64 trillion tokens. This represented a steady rise from earlier levels recorded in mid-February.
At the higher end, wallets with more than 1 billion tokens expanded their positions as well. Their holdings stood at 3.64 trillion tokens, up from 3.60 trillion in late February.
Overall, the accumulation pattern indicated that large investors were positioning ahead of potential gains, which can contribute to price stability during pullbacks and provide a base for further upside.
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