The recent transaction involving a crypto whale and the third-largest meme coin by market cap, PEPE, has caught the crypto community’s attention. This transaction, along with other whale activities, suggests that it might be time to start paying more attention to PEPE.
Whale Transaction Details
An on-chain analytics platform, Spotonchain, revealed a wallet (3eAaAC3C9) that purchased 1.238 trillion PEPE from Binance at an average price of $0.000008424 ($10.4 million). The wallet then withdrew the tokens in two transactions, with 322.5 billion PEPE in the first one and the remaining 915.85 billion PEPE in the second transaction. The fact that the whale has not moved the tokens yet indicates a potential long-term holding strategy.
Notable smart traders have been accumulating PEPE recently, potentially in anticipation of significant price movements. Spotonchain also highlighted other whales who withdrew large amounts of PEPE from exchanges like Binance and MEXC. Additionally, a smart trader has reportedly profited $917,000 from trading PEPE over the past year.
PEPE has seen impressive year-to-date gains of over 500%, indicating strong bullish momentum. Despite this, only a relatively small number of individuals currently hold the meme coin. Crypto analysts suggest that PEPE could soon reach a new all-time high, potentially surpassing its current ATH of $0.00001074.
Predictions and Market Ranking
Analysts predict that PEPE could climb the ranks to become one of the top 10 crypto tokens by market cap, potentially surpassing tokens like Shiba Inu and Dogecoin. The current trading price of PEPE is around $0.000008615, with a slight decrease in the last 24 hours.
The recent whale transactions and market performance of PEPE suggest that the meme coin is attracting significant interest from traders and investors. With predictions of a new all-time high and potential for further growth in market ranking, PEPE is a cryptocurrency to watch in the coming months.
Disclaimer: The information provided in this article is for educational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions. Trading and investing in cryptocurrencies carry inherent risks, and individuals should be cautious when entering the market.
