While the rise of Pepe (PEPE), the most popular meme token of recent days, continued, investors who took short positions lost millions of dollars.
Users taking bearish positions as meme token PEPE continues its unstoppable rise $12.4 million lost. According to Coinglass data, with the effect of the news that Pepe is listed on Binance, only the last 1 hour in 1 million dollars position exploded.
PEPE, which has started a meme token bull and dragged similar projects with it in the last few weeks, finally came with Binance’s listing news. 70% increasing 0.000055 dollars rose to levels. PEPE’s market cap is also at an all-time high (ATH) the one which… $750 million reached.
On the other hand, early-stage PEPE whales were found between Tuesday, May 2 and Wednesday, May 3, according to on-chain data. serious sales make market value 185 million dollar fell. But even these sales did not stop the rise and Pepe exceeded the market value of $ 1 billion.
who think that PEPE is too high and short The number of users who took a directional position is for days continues to dominate. Although negative funding is data that is open to manipulation, it is usually specific to that cryptocurrency. sales directional the raid It means weight.
In the last 24 hours with the effect of news flow on CoinGecko data 85% rising PEPE, at the time of writing From $0.000002720 is being traded.