Meme Coin Whales Are Massively Accumulating PEPE – Will Price Keep Pumping?


PEPE stole the show this week, especially in the last 24 hours, as the PEPE price exploded by over 85%.

The meme coin is now trading in all-time-high territory, above $0.000023, boasting a market cap of around $10 billion.

For PEPE holders – congratulations are in order. If you’re not holding any, you might want to watch for potential dips before making any investment decisions.

The big players aren’t slowing down their PEPE accumulation, especially after Coinbase and Robinhood announced they’re listing the token. Just 6 hours ago, a whale wallet “0x160f…Ab5B” moved a massive 197.39 billion PEPE (worth $4.8 million) out of Binance.

The whale action didn’t stop there. Within the past few hours, another wallet loaded up on 751.59 billion PEPE, valued at around $17.89 million. This comes as PEPE has seen a mind-blowing 200% price increase over the past 10 days, pushing its market cap past the $10 billion mark.

These massive whale movements are giving PEPE some serious momentum, helping it lead the current meme coin rally. The combination of major exchange listings and heavy whale accumulation suggests strong market confidence in the token.

However, traders should keep in mind that many holders are now sitting on substantial profits. A temporary pullback before any potential continuation of the uptrend wouldn’t be surprising at these levels.

Read also: NEIRO Leads Meme Coin Gains With 56% Price Increase Last Week – New Projects To Outperform The Market

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot – click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *