PEPE Whale Withdraws 500 Billion Tokens Worth $4.3 Million from Binance
A whale withdrew 500 billion PEPE tokens, valued at over $4.3 million, from Binance using a new wallet, indicating strategic accumulation. This withdrawal occurred amidst PEPE's volatility; the token rose by 14% over the past week but fell 6% in the last 24 hours, trading around $0.0000085.
Key insights include:
- Analyst Jake Gagain noted that PEPE's market slump is temporary and signals potential for a parabolic run.
- Charting Guy suggested a target of $0.00012 based on the 2.618 Fibonacci extension, representing a possible 1,400% gain.
- PEPE's price is near the upper Bollinger Band, indicating potential bullish breakout or short-term correction risk.
- The RSI is at 56.78, suggesting further upside potential but caution against profit-taking spikes.
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