PEPE Price: Whale Sacks 1.2 Tln Coins Amid Monthly Crash, Is Price Gearing Up For Rally?
Release: 2024/07/02 19:14 Reading: 400
- Original author：Coingape News Media
- Original source：https://coingape.com/?p=205486
Massive Pepe Coin Accumulation Sparks Optimism
A major investor (whale) has once again stirred the cryptocurrency industry with a significant acquisition of Pepe coin (PEPE). This accumulation, valued at approximately $1.2 trillion, occurred despite a recent 20% price decline for PEPE.
The substantial purchase has sparked optimism among market participants regarding the coin's future price trajectory. Whales often accumulate coins when they believe that the asset has the potential for substantial gains.
Data from Whale Alert reveals that an address (0x835678a6) purchased 1.23 trillion PEPE worth $14.74 million from Binance on June 2. This hefty investment underscores the whale's confidence in PEPE's growth potential.
Furthermore, the transaction has added buying pressure to the coin, leading to a period of sideways consolidation.
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