Cryptocurrency giant Whale with a "100 percent win rate" recently increased its position in popular cryptocurrency $PEPE after a four-month hiatus, adding 101.7 billion tokens to its mining thanks to a withdrawal from leading exchange Binance.
According to data published by #cryptocurrency analysts on microblogging platform X (formerly Twitter), cryptocurrency whales have been steadily increasing their position in #PEPE over the past four months since June 1.
Having accumulated a total of 61.38 billion tokens (worth $8.17 million) at an average value of $00000133132 per token, Whales currently has an unrealized loss of $2.18 million.
As reported by CryptoGlobe, late last month, a popular cryptocurrency strategist known for accurately saying the day of the cryptocurrency market in 2018 pointed to the meme-inspired cryptocurrency PEPE as "easy money" after it formed an ascending triangle pattern.
It's worth noting that ascending triangles are a type of chart pattern used by technical analysts to predict price movements. It consists of a horizontal line connecting the maximum price point and an ascending line connecting the minimum price point. These two lines form a triangle, which is used to look for upward or downward price breaks.
A rising triangle is usually considered a continuation pattern and indicates that prices will continue to move in the same direction as the trend before the triangle formed.
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