Fun

PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday – Details

News Feed - 2024-12-10 04:12:42

Este artículo también está disponible en español.


PEPE has made headlines again, reaching a new all-time high of $0.000027 just a few hours ago. This milestone comes amid heightened market volatility, with the token showing massive gains as it outpaces many other assets in the crypto space. PEPE’s explosive price action attracts significant attention as retail and institutional investors flock to capitalize on the momentum.


Related Reading: Dogecoin Sees Quiet Breakout As Data Signals Rally Continuation


Recent metrics from IntoTheBlock reveal a striking trend: whales increased their PEPE holdings by a staggering $1.4 billion yesterday. This sharp accumulation by large holders suggests that smart money positions itself for an extended rally, signaling confidence in the token’s potential for further gains.


As PEPE continues to soar, the market is closely monitoring its ability to maintain momentum in the face of growing interest and volatility. The influx of whale activity often signals a pivotal shift in market dynamics, which could begin a new phase for the meme coin. Smart Money Signals Upside


Pepe (PEPE) has been on a remarkable ascent, consistently setting new all-time highs and showing no signs of slowing down. The meme coin has captured the market’s attention with its recent surge, positioning itself as one of the top-performing assets in the crypto space. After reaching $0.000027, PEPE appears ready to extend its rally, with on-chain activity supporting the bullish narrative.


Data from IntoTheBlock, shared by crypto analyst Ali Martinez, highlights a key development driving PEPE’s momentum: whales increased their holdings by an astounding $1.4 billion yesterday. This significant accumulation underscores the growing interest of large holders, often considered “smart money” in the market. These entities can drive prices higher through substantial buying pressure, and their activity is often a precursor to explosive market moves. PEPE Whales increase holdings by $1.4 B | Source: Ali Martinez on X


The broader crypto market is also trending upward, providing a supportive environment for PEPE’s continued growth. As whales position themselves for further gains, the meme coin’s trajectory over the next few weeks is expected to be fascinating to watch. Related Reading XRP Price Forecast – Analyst Sets $4 Target After Potential Retrace 2 days ago


If current trends persist, PEPE could experience more substantial price increases, fueled by retail enthusiasm and institutional accumulation. However, market participants should remain cautious of potential volatility as the coin navigates its path to sustained highs. PEPE Enters Price Discovery


Pepe (PEPE) has reached a new all-time high at $0.0000275, solidifying its place as one of the most resilient performers in the current market. The price is now retesting previous highs as support, a crucial step for bulls to maintain momentum. This level is pivotal, as it could either confirm a continuation of the uptrend or signal a potential reversal. PEPE teaches new ATH | Source: PEPEUSDT chart on TradingView


Despite this achievement, PEPE faces uncertainty due to broader market conditions. Bitcoin and the entire crypto market are experiencing heightened volatility, adding an unpredictable element to PEPE’s price action. For PEPE to sustain its rally, it must hold firmly above the $0.000023 support level over the coming days. Successfully doing so would likely pave the way for a breakout into price discovery, with the potential for even higher highs. Related Reading Dogecoin About To Enter Phase Of Explosive Growth – Charts Reveal Massive Breakout 2 days ago


On the other hand, failure to maintain this critical support could result in a retrace, leading to a broader correction. This scenario would test investor sentiment and could slow the meme coin’s remarkable ascent.


Featured image from Dall-E, chart from TradingView

News Feed

Brayden Lindrea34 minutes agoEl Salvador’s Bitcoiners teach 12-year-olds how to send satsOver 25,000 students in El Salvador have learned about Bitcoin in the classroom.141 Total views21 Total sharesListen to article 0
Coinbase Patents AI Compliance System to Monitor and Flag Accounts
Coinbase Patents AI Compliance System to Monitor and Flag Accounts Popular U.S. cryptocurrency exchange Coinbase received a patent November 19, for an AI-driven compliance system
Kevin O’Leary on SEC v Ripple Lawsuit Over XRP: ‘I Have Zero Interest in Investing in Litigation Against SEC’
Kevin O"Leary on SEC v Ripple Lawsuit Over XRP: "I Have Zero Interest in Investing in Litigation Against SEC" Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has z
Former EU Parliament Member Godfrey Bloom Who Calls Banking System a Scam Bought His First Bitcoin
Former EU Parliament Member Godfrey Bloom Who Calls Banking System a Scam Bought His First BitcoinFormer Member of the European Parliament Godfrey Bloom has bought his first bitcoin
OpenAI announces new publishing deal as race to license content heats up
Savannah Fortis10 hours agoOpenAI announces new publishing deal as race to license content heats upA new strategic partnership between OpenAI and the Financial Times aims to integrate FT journalism into its AI models for
William Suberg14 hours agoBitcoin price is ‘stuck’ at $30K — Here are 3 reasons whyBitcoin bulls face a cocktail of short-term holder and miner selling, along with a severe lack of volatility.10851 Total views36 To
SEC Rejects Bitwise’s Latest Bitcoin ETF Proposal
The U.S. Securities and Exchange Commission (SEC) has rejected the latest attempt at creating a bitcoin exchange-traded fund (ETF). The SEC announced Wednesday that the ETF proposal
Despite Significant Difficulty and Low BTC Price, Bitcoin’s Hashrate Continues to Climb Higher
Despite Significant Difficulty and Low BTC Price, Bitcoin’s Hashrate Continues to Climb Higher Following the largest difficulty increase the Bitcoin network has seen in 2022, the
Yashu Gola13 hours agoCan XRP price hit $1? Watch these levels nextXRP price almost doubled after Ripple’s legal win against the U.S. SEC. But can its rally continue after nearly reaching $1?28568 Total views14 Total s
Bitwage Raises $1.5 Million in Latest Funding Round
Bitwage Raises $1.5 Million in Latest Funding Round Bitwage, the pioneer cryptocurrency-based payroll and invoicing company, has raised $1.5 million in its latest funding round. Th
Chinese Central Bank Official Calls for Commercial Bank Blockchain Adoption
The head of the technology department at the People’s Bank of China (PBoC) has called for commercial banks to adopt blockchain technology in digital finance. As reported by Reute
NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior
NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on W