Cryptocurrency Whales Flood PEPE with $113 Million
The price of our trending Meme Coin coin PEPE jumped by 10% over the weekend, driven by whole lot of financial resources inflow from cryptocurrency whales. Cryptocurrency whales have invested $113 Million in PEPE within the last week, triggering a major rally in Meme Coin coins like Dogecoin (DOGE) and Shiba Inu.
Recent on-chain movements indicate that the trading activity of cryptocurrency whales has been a major driving force behind the surge in Meme Coin coin prices. The movement of 94.1 trillion PEPE tokens by whales has had a whole lot of impact on the price of the coin as it climbs higher.
PEPE Team to Distribute $500,000 to Binance Users
The PEPE team plans to distribute 418 Billion tokens, valued at approximately $500,000, to Binance users. This move is expected to trigger positive trend action between retail investors, spurring network activity.
And once blockchain networks allocate whole lot of funds to community campaigns, it often attracts retail investors, prompting an increase in demand and prices. Consequently, retail traders’ pressure and growing whale demand may push the PEPE price upward in the coming days.
PEPE Price Prediction: Aiming for $0.000002
The mounting profits of positive trend whales may reduce their incentive to sell, especially if the upcoming campaign bolsters retail traders’ sentiment. This situation could drive the PEPE price toward the $0.000002 mark, as indicated by the Worldwide In/Out of the Money (GIOM) data.
Nonetheless, if the PEPE price falls below $0.0000007, the capacity coming of 9,330 addresses holding 43.96 trillion PEPE at an average price of $0.000001 could provide initial support, preventing a whole lot of reversal.
Hot Take: PEPE’s Skyward Trajectory
The recent surge in PEPE’s price, driven by whole lot of whale investment and upcoming token distribution, signals a potentially positive trend trajectory for the Meme Coin coin. Given the positive retail sentiment and strong whale demand, the PEPE price is poised for further gains in the near future.
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