Coinspeaker

3 hours ago

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Whales Accumulate 30 Billion PEPE Tokens Amidst Market Downturn

Despite PEPE's price being 83% below its yearly peak, significant market activities are occurring:

• Whale wallets have accumulated 30 billion PEPE in the past month, increasing their holdings from 4.41 trillion to 4.44 trillion.
• Exchange supply of PEPE has decreased from 259.1 trillion to 258.2 trillion, indicating investors are moving tokens off exchanges into cold storage.

PEPE Price Analysis

• PEPE is currently in a falling wedge pattern and sits above a long-term support level.
• A breakdown could lead to prices around $0.00000340 or $0.00000300.
• If bullish momentum occurs, PEPE might break out and reach $0.00002, representing a potential 300% rally.

Market Sentiment

• Despite broader market downturns, whale activity indicates confidence in PEPE forming a long-term bottom.