💥💥💥 Pepe Coin Hits New ATH As Smart Moneys Shift 250.5B PEPE, What’s Next? 🚀🚀🚀

Pepe Coin has recently surged to a new all-time high, defying market expectations and attracting the attention of smart money traders who have shuffled a significant amount of PEPE tokens. Data from on-chain analytics platforms reveals movements totaling 250.40 billion PEPE in the past 24 hours, with notable accumulations and dumps by smart money addresses. For instance, one address accumulated 406.74 million PEPE from Binance while another offloaded 250 billion PEPE to the same exchange. Interestingly, the latter address had initially accumulated 475 billion PEPE on the day of the coin's launch, selling most of it since then with a remarkable return on investment. Despite this, the address still holds a substantial amount of PEPE, indicating confidence in further price appreciation.

The price of PEPE has rallied by nearly 20% in the past day, reaching $0.00001005. This surge in price has been accompanied by a significant increase in trading volume and open interest, suggesting strong bullish sentiment in the market. However, some speculators are wary of a potential correction, given the high RSI indicating overbought conditions. Despite these concerns, the overall outlook for PEPE remains optimistic, with the coin's recent performance fueling speculation about its future potential.

Source - Coingap Team

*** This is not a financial advice. #DYOR*