Whale Buys 420B Pepe Coin Amid Dips: Analyst Predicts Bullish Future
Release: 2024/08/14 15:09 Reading: 947
Whale Acquires Massive PEPE Holdings Amid Market Volatility
A prominent whale, known as "cookislandstrust.eth," has made significant purchases of Pepe Coin (PEPE) during market downturns. This bullish move signals growing confidence in the meme coin's potential.
Whale's Purchases Boost PEPE Value
In the past seven days, the whale has invested a total of 3.13M USDT in two separate transactions, acquiring 420 billion PEPE. These purchases, made during market dips on August 5 and 12, have resulted in a profit of $170,000, representing a 5.4% increase.
Whale's Market Moves Draw Attention
The whale's actions have attracted attention within the cryptocurrency community, as they often indicate bullish trends or strong support levels for particular tokens. As of writing, PEPE is trading at $0.000008178, up 3.09% over the past 24 hours. Its market cap has also increased to approximately $3.44 billion, reflecting growing interest and investment.
Previous Whale Transactions
Earlier this month, another major whale transaction involved the transfer of 400 billion PEPE into Binance, resulting in a significant profit of $5.85 million. On March 1, the same whale withdrew 795.92 billion PEPE from Binance, totaling $2.55 million.
Bullish Predictions for PEPE
A renowned crypto analyst has recently issued bullish predictions for PEPE, along with other altcoins such as WIF and POPCAT. This further supports the belief in the meme coin's long-term prospects.
The whale's substantial purchases and the positive analyst predictions highlight the growing potential of Pepe Coin within the cryptocurrency market. As the market continues to evolve, PEPE's performance will be closely monitored by investors and analysts alike.
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