Whales Flock to $PEPE as Accumulation Grows

In the dynamic world of cryptocurrency, $PEPE has recently caught the attention of major investors, with several whales initiating substantial accumulations over the past 24 hours.

Whale Accumulation Activity

In a notable influx of investment, three prominent whales have collectively injected approximately $3.06 million into $PEPE:

– Whale 0xb1a2 secured 101.01 billion $PEPE tokens, amounting to $1.78 million at an average price of around $0.00004177.

– Whale 0xeab3, known as biggeth-dick.eth, acquired 58.5 billion $PEPE tokens valued at $1.12 million, priced at approximately $0.0000419.

– Whale 0x7b23, under the alias ashishpatel.eth, purchased 8.09 billion $PEPE tokens worth $147.1 thousand, at a price of about $0.0000418. Notably, this whale has been steadily accumulating $PEPE since November 18, 2024, and currently holds 54.86 billion tokens valued at $1.01 million.

Profitable Liquidation by a Smart Investor

A savvy investor who strategically navigated $PEPE’s price waves over the past six months has reaped substantial rewards. This investor recently liquidated 588.2 billion $PEPE tokens, totaling $10.99 million, and pocketed a profit of $1.053 million.

Starting accumulation from December 20, 2024, at an average cost of $0.0000169 per token, the investor capitalized on market rebounds, selling at approximately $0.00001869 per token. Overall, they have realized profits amounting to $5.97 million through their $PEPE investments.

Analyst Insights and Market Signals

According to analyst Ali Martinez, the TD Sequential indicator has signaled a buy opportunity on the daily chart of $PEPE, predicting a potential rebound towards $0.000021.

Conclusion

With whales actively accumulating $PEPE within the suggested accumulation zone of $0.0000177 to $0.000019, the cryptocurrency’s market dynamics continue to evolve. Investors and analysts alike are eyeing potential price movements, buoyed by recent whale activities and bullish market signals.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/whales-flock-to-pepe-as-accumulation-grows/