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- A smart money purchased nearly 143 billion PEPE today, May 6, igniting immense investor optimism. Pepe coin’s price jumped slightly at press time, with speculations of the token hitting $0.00001 ahead.
- PEPE accumulations in recent days have been on the rise, adding to the the token’s bullish take.
- A PEPE smart money was noted to be allocating 1.26 million USDC to buy a staggering 142.96 billion PEPE at the price of $0.000008831 today, May 6.
Pepe coin’s price jumps as a smart money accumulates nearly 143 billion PEPE, fueling optimism on the token’s future price movements.
Smart Money’s PEPE Accumulation Fuels Investor Optimism
Against the backdrop of a highly volatile price movement illustrated by Pepe coin in the past 24 hours, a smart money’s strategic move to accumulate colossal amounts of PEPE has propelled a flurry of optimistic thoughts on the frog-themed meme token’s price movements ahead. Already riding a bullish market trend with a nearly 20% weekly price rally, Pepecoin has set the stage for a storm of speculations, including the potential to reach the highly optimistic level of $0.00001 in the near future.
PEPE Accumulations Burgeon Injecting Optimism
Notably, per insights streamlined by Lookonchain, a blockchain analytics platform, a PEPE smart money was noted to be allocating 1.26 million USDC to buy a staggering 142.96 billion PEPE at the price of $0.000008831 today, May 6. This smart money, going by the address 0x2db3fb.., has nabbed significant attention with its accumulation as its trading record illustrates quirky investments, with an attention-grabbing 85.7% win rate, indicating a high success rate in its trading strategy.
Conclusion
With a multitude of bullish factors for Pepe coin looming on the crypto horizon, the frog-themed meme token reflects immense optimism and promises potential gains for investors. As of writing, PEPE’s price has increased by 0.82% in the past 24 hours and currently stands at $0.000008565. Its 24-hour lows and highs are $0.000008285 and $0.000008817, respectively, with the token trading in both red and green territories over the past day. Collectively, this paves the road for PEPE to scale the highly optimistic level of $0.00001 ahead, although short-term volatility may be expected in tandem with broader market trends.
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