In a bullish event within the cryptocurrency environment, a #PEPE whale drew global attention on May 3 by accumulating a massive amount of frog-themed meme tokens. The transaction, which took place amid a nearly 9% increase in the token's price, sparked a slowdown in optimism among crypto market participants.
Whale data gives hope to Pepe
According to data from on-chain analytics platform Whale Alert, a stunning accumulation of 4.04 trillion Pepe was recorded on May 3. The accumulation, which was accompanied by a roughly 9% increase in Pepe's price, was carried out by an unknown wallet through the cryptocurrency trading platform Paribu.
Further highlighting confidence in the asset, this massive accumulation reflects a potential bullish trajectory for the frog-themed token. Meanwhile, it should be noted that if the pressure for new purchases continues, as in the transaction mentioned above, the bulls could potentially take control of the token and push for additional gains.
A meme coin whale has accumulated huge amounts of Pepe Coin futures contracts, contributing to the token's upward trend in the market. Collectively, whale data hovering above the crypto horizon indicated a potentially continued increase in the token's price in the long term, and on-chain data highlighted the market's bullish trend at the time of publication.
#PEPEUSDT #memecoins #PEPEUSDT #memecoins #binance
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