- A significant investor acquired 1.04 trillion PEPE tokens in the previous month.
- PEPE’s value has escalated by over 9% in the previous day.
- PEPE’s market price has plummeted by more than 81% since May.
Since August, a significant investor, often referred to as a ‘whale’ in the crypto industry, has been focusing on purchasing trillions of Pepe
During the previous trading day, PEPE hit a 24-hour low price of approximately $0.0000007105. Data from Lookonchain suggests that a significant investor, often called a ‘whale’, may have capitalized on this reduced price of the meme coin. The investor reportedly used 390 Ethereum
The significant PEPE price increase over the last 24 hours could be attributed to a large whale acquisition. Data from CoinMarketCap indicates that PEPE’s value has escalated by over 9% in the previous day. Consequently, PEPE was exchanging at $0.0000008054 at the time of reporting, just slightly under its highest recorded price of $0.0000008097.
The 24-hour trading volume of the meme token saw an increase of over 2%, leaving it at approximately $88.79 million. Furthermore, the remarkable 24-hour performance of PEPE considerably strengthened its weekly performance, experiencing a surge of over 30%.
Nonetheless, PEPE’s valuation has experienced a decline of 9.09% over the previous month. Upon attaining its highest price of $0.000004354 in May this year, PEPE’s market price has plummeted by more than 81% to its present trading value.
Technically speaking, the meme coin’s price surge has allowed it to surpass the crucial resistance level of $0.0000007520 in the last 24 hours, a level at which it remains at the time of writing. If the daily candle closes above this level today and the bullish trend continues, we could see PEPE increase to $0.0000009809 in the upcoming days.
On the flip side, if PEPE does not end today’s daily candle above $0.0000007520, it could potentially face the risk of testing the next significant support level. Under this pessimistic circumstance, the altcoin’s value could decrease to $0.0000005830 in the subsequent week.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
