Massive 720 Billion PEPE Coin Acquisition by Whales Sparks Over 100% Price Surge

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  • Whales have purchased 720 billion Pepe Coin, causing the PEPE price to rally over 100% in a month.
  • Despite the positive sentiment, some whales are booking profits.
  • PEPE price fell over 1% in the past 24 hours, indicating a potential sell-off.

Whales are accumulating Pepe Coin, leading to a significant rally in PEPE price. However, despite the bullish sentiment, some whales are booking profits, leading to a slight dip in price.

Whales Accumulate Pepe Coin Amidst Price Rally

Whales have been purchasing Pepe Coin in large quantities, leading to a significant rally in the price of PEPE. Over the past month, PEPE price has surged over 100%, hitting new all-time highs daily. According to data from IntoTheBlock, wallet addresses with over $100K have increased their Pepe Coin holdings in the last few days. This has led to 100% of PEPE holders currently being in profit.

Whales Book Profits Despite Positive Sentiment

Despite the positive sentiment surrounding Pepe Coin, some whales have started booking profits. This has led to a slight dip in the price of PEPE, which fell over 1% in the past 24 hours. Despite this, the overall sentiment remains bullish, with many speculating that the price could surge further in the coming days.

PEPE Price Outlook

Despite the recent dip, the overall outlook for PEPE price remains positive. The continued accumulation by whales indicates a strong belief in the potential of Pepe Coin. However, the recent profit booking by some whales could lead to increased volatility in the short term. Investors should keep a close eye on these developments as they could significantly impact the price of PEPE.

Conclusion

The recent developments surrounding Pepe Coin highlight the volatile nature of the crypto market. While the continued accumulation by whales has led to a significant rally in PEPE price, the recent profit booking indicates potential volatility in the short term. Despite this, the overall sentiment remains positive, with many speculating that the price could surge further in the coming days.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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