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This week, $PEPE has been pretty interesting
BTC and ETH both closed lower, while it rose about 15% against the trend, briefly surging to around 5687 before undergoing another sharp shakeout
This volatility also had a clear news catalyst:
On-chain tracking shows the attacker sold around 7.77 trillion PEPE, worth more than $30 million
Such a massive, concentrated sell-off caused the price to drop rapidly at one point, but it then recovered most of the losses and is now back around 5000
This week's performance at least shows that there is solid buying support at lower levels
Next week, I'll be watching more closely to see whether it can hold above around 5000. If it can absorb selling pressure here, PEPE remains a meme coin I think is worth keeping a close eye on
NFA, DYOR!