PEPE, a popular memecoin, has experienced a significant breakout, mirroring the previous success of Dogecoin. This price rally has propelled PEPE to new highs in 2024, indicating growing investor interest and optimism.
This surge has led to a substantial increase in open interest, a measure of market activity in PEPE-related trading, which has now reached its highest levels for 2024.
Such trends suggest that memecoins like PEPE are attracting significant attention, paralleling the earlier movements seen with other leading memecoins.
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