- Pepe coin, a meme-themed cryptocurrency, has hit a new all-time high (ATH) as smart money addresses move 250.5 billion PEPE.
- Despite the broader market’s turbulence, Pepe coin has defied expectations and rallied to unprecedented levels.
- Smart money traders, who usually make considerable profits trading crypto, have shown increased interest in Pepe coin.
Pepe coin hits a new all-time high as smart money addresses shift 250.5 billion PEPE, sparking speculation about the meme coin’s future potential.
Pepe Coin’s Unprecedented Rally
Pepe coin has emerged as one of the most promising cryptocurrencies within the meme coin sector this year, recently hitting a new ATH again. The token has defied the crypto market’s expectations, rallying to unprecedented levels despite the broader market’s turbulence. Amid this substantial upward momentum gained by the frog-themed meme token, PEPE appears to have emerged as a hot trend among Smart Money traders, seasoned traders who usually make considerable profits trading crypto. On-chain data surfacing within the market shows nearly 250.5 billion PEPE shuffled by smart money addresses amid the token’s recent hitting of a new ATH.
Smart Money Addresses and Pepe Coin
According to data revealed by a couple of on-chain analytics platforms, it was pointed out that 250.40 billion PEPE was moved in the past 24 hours. Notably, these transfers showcased Pepe coin accumulations and dumps by smart money traders in hand. A smart money, 0x37…, was noted to have been accumulating 406.74 million PEPE from Binance, one of the world’s leading exchanges. Conversely, another smart money address, 0x647…., offloaded a whopping 250 billion PEPE to the same exchange.
PEPE’s Price Rallies To New ATH
Meanwhile, as of writing, PEPE’s price has rallied 19.68% in the past 24 hours and currently sits at $0.00001005. It’s 24 hour lows and highs are $0.00000831 and $0.00001028, respectively. By ditching a zero from its value, the meme coin has achieved a monumental achievement, although speculations loom about whether it can hold this level.
Conclusion
With the recent rally and the movement of a large amount of PEPE by smart money addresses, Pepe coin has sparked a lot of interest and speculation in the market. Whether it can maintain its momentum and continue to defy expectations remains to be seen.
