Massive Investment in Pepe Coin: 143 Billion PEPE Purchased, Price Surge to $0.00001 Expected

PEPE

PEPE/USDT

$0.00000384
+0.79%
24h Volume

$311,514,991.69

24h H/L

$0.00000394 / $0.00000377

Change: $0.00000017 (4.51%)

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data
PEPE
PEPE
Daily

$0.00000387

0.26%

Volume (24h): -

Resistance Levels
Resistance 3$0.00
Resistance 2$0.00
Resistance 1$0.00
Price$0.00000387
Support 1$0.00
Support 2$0.00
Support 3$0.00
Pivot (PP):$0.00000385
Trend:Sideways
RSI (14):37.0
(06:26 AM UTC)
2 min read

Contents

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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.

MR

Michael Roberts

COINOTAG author

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