Long squeeze alert for this week: PEPE could face massive crash
Pepe (PEPE) is performing as the cryptocurrency market‘s top daily and weekly gainer with a massive surge. However, the meme coin could face a long squeeze this week, leading to a price crash. In a generalized meme coin euphoria, the biggest gainer of the week, PEPE price increase, has rewarded early investors with millions of dollars. This attracted cryptocurrency traders looking to mirror these inspiring stories, opening many long positions in the derivatives market. Currently, PEPE has over $510.35 million of open interest for 16.4% of its $3.11 billion market cap. The open interest measures the volume of remaining opened contracts, showing the relevancy of derivatives trading on the memecoin. Picked for you MicroStrategy stock set for mega squeeze despite $3 billion short interest 46 mins ago This early PEPE investor turns $3,000 to $35 million 2 hours ago 5 meme coins to buy this week 3 hours ago SHIB price explosion sees 170% rally in a week; ...