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This includes increased speculative trading, heightened community engagement and possibly strategic buying ahead of anticipated market movements. The sharp rise in trading volume and open interest indicates that traders are actively positioning themselves on the PEPE coin market, betting on continued price appreciation.
Furthermore, PEPE’s resilience against the broader market dip may highlight its unique position in the crypto ecosystem. Often, like PEPE thrive on community-driven momentum and viral trends, which can sometimes decouple their performance from traditional market indicators. The current bullish sentiment suggests that the meme coin could continue its upward trajectory, especially if the broader market stabilizes post-CPI report and Fed meeting.
Source: Digital Coin News (digitalcoinnews.net)
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