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Cryptocurrency News Video

PEPE COIN - METEORIC RISE AND ON-CHAIN ​​METRICS OF THE TOKEN

May 29, 2024 at 11:33 pm Alta Infinita

PEPE’s meteoric rise and on-chain metrics

PEPE’s meteoric rise is not just a product of speculation, but is supported by robust on-chain metrics. Data from Santiment, an encrypted intelligence tracker, reveals a significant increase in PEPE's active addresses and social domain between May 20th and 27th.

During this period, active addresses nearly doubled, indicating greater user engagement, while social dominance reflected a growing presence in crypto discussions. on social media platforms.

Furthermore, the supply of PEPE on the exchanges remained relatively stable. This suggests that selling pressure on PEPE is moderate, potentially paving the way for further price appreciation.

With optimistic metrics on the network and growing interest from investors, PEPE appears prepared to expand its gains in the short term.

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