What Does 1 Trillion PEPE on Binance Mean for Pepe Coin Price Prediction?

The Pepe Coin price rose 4% today to $0.00001247 as the crypto market hardly moved in 24 hours.

PEPE is up 7% in the previous week, down 5% in two weeks, and down 25% in 30 days.

The Ethereum-based meme currency has gained 700% in a year despite these losses.

Even if a whale moved 1 trillion PEPE to Binance in the previous few hours, the future weeks and months seem bright.

The currency lost 1.5% in the last hour, suggesting a short-term drop.

Its relative strength index (purple) fell from around 80 yesterday night to 50 today, suggesting it should tumble before rising.

However, PEPE's 30-day average (orange) crossed the 200-day a day ago, suggesting a growth period.


PEPE's 24-hour trading volume reached $1 billion today, up from $350 million a few days earlier.

This morning, a whale sent Binance just over 1 trillion PEPE, which may be selling volume.


This follows yesterday's movement of 700 billion PEPE ($7.8 million) to the same exchange, raising the possibility that whales are selling meme tokens.

Thus, PEPE may have negative price action tomorrow, but its medium- and long-term trend appears to be higher.

With traders preparing for the introduction of the first Ethereum ETFs in a few weeks, this is especially true.

Rate cuts from the Fed and BoE will boost demand in the autumn.

PEPE is a favorite vehicle for whale gains, hence the Pepe Coin price might rise later this year.

It might hit $0.00002 by New Year.

#PEPE $PEPE @Pepecoin