Will Pepe Coin Price Double as Whales Accumulate $1.14B PEPE?
The post Will Pepe Coin Price Double as Whales Accumulate $1.14B PEPE? appeared on BitcoinEthereumNews.com.
Pepe coin price, a popular meme coin, has experienced a significant surge over the past month, positioning it among the top gainers. Recent market trends show that whale investors accumulated an excess of a billion US dollars worth of PEPE, signaling massive confidence. This outlook is echoed by analysts that predict an upward breakout could be imminent for this frog-based crypto. Can Pepe Coin Price Double with Whales Hoarding $1.4B PEPE? Crypto whales have significantly increased their PEPE token holdings, contributing an additional $1.14 billion in value. The latest data shows wallets holding over $10 million in PEPE surged by 147.81% over the past month. This growth indicates heightened whale interest in the token, potentially influencing its future market trajectory. Investors with $1 to $10 holdings dropped by 29.69%, while $100 to $1k wallets rose by 21.53%. The highest percentage growth came from wallets between $1 million and $10 million, jumping by an impressive 119.91%. This distribution highlights shifting dynamics among retail and institutional investors. Source- Tweet PEPE Price Eyes 160% Breakout as Cup and Handle Forms Crypto experts recently highlighted a significant surge in Pepe Coin price, showcasing a remarkable 160% price increase. The price movement displayed on a chart reveals a breakout from a consolidating wedge pattern. This rally has drawn attention within the cryptocurrency community, as it signals strong bullish momentum for the meme-inspired token. The technical chart illustrates PEPE’s upward trend, with the breakout followed by a substantial rally. PEPE draws significant attention as technical charts reveal a classic “cup and handle” pattern, often associated with bullish trends. The pattern visible on PEPE’s trading chart suggests a consolidation period before a potential upward surge. Source: Tweet PEPE Price Hits ATH; Is More Gain Ahead? In the past 24 hours, the PEPE price has reached an all-time high…
Filed under: News - @ December 10, 2024 3:21 am