The PEPE rebounded this week, with an overall increase of 22 per cent over the last two trading days and a cumulative increase of about 25 per cent over the week. The combination of chain data and derivative data shows a re-energizing of large addresses, a decline in exchange-negotiable tokens and a marked rise in short-line attention by the market to this highly volatile meme currency.

The whale trade is up.

Santiment, a chain analysis platform, shows that there are 7 PEPEs on Thursday with large single transfers exceeding $1 million, which is the highest single-day level since March 16th. Large transfers do not necessarily represent buy-in per se, but in combination with changes in address balances, the market is more concerned about whether large households are retraced at a low level.

Since August 12, the number of PEPEs held by the exchange has fallen from 82.75 trillion to 81.30 trillion, a decrease of 1.45 trillion. During the same period, the number of main non-exchange address holding sites increased from 80.50 trillion to 84.04 trillion, an increase of 3.54 trillion. This means that some of the coins are moving from the trading platform to large household wallets, and the short-term sales volume has contracted.

Futures hold up to three months.

Derivatives markets are also warming at the same time. The CoinGlass data show that the PEPE futures open contract rose to $250 million, an increase of $41 million, or 19.6 per cent, over the $209 million of the previous day. This change usually means that traders are either opening new warehouses or continuing to expand their original positions.

At the same time, the weighted funding rate of 0.0095 per cent based on open contracts maintains a positive value. This usually means that there are too many payments to cover, and short-term attitudes in the market tend to increase. However, the rapid increase in unsettled contracts also magnifies the risk of volatility, which is particularly sensitive to the possible simultaneous increase in the pressure on liquidation once prices suddenly fall.

The price station is up and up.

In terms of prices, PEPE has broken the high point of US$ 0.0000,314 on June 15, and the market will then focus on US$ 0.0000,363 near the 200-day average. If the price stabilizes the position on the station, it is expected that the rebound area will continue upwards, and the next target area will look to the 10th of May at a high point of $0.000459.

However, PEPE is still below the 200-day average and the long-term trend has not yet been reversed. If the follow-up attack is blocked, the short-line profit drive is likely to throw back, and the 100-day average of $.0.00000300 and the 50-day average of $.0.00000283 are supported; if the two positions are broken down, the price may be retested at a low point of $0.00000255 on 8 July.