🚨 $PEPE
Whale Activity Rocks the Market! 🚨
A major whale just made a massive move in the PEPE market, depositing 5.5 million USDT on Binance and purchasing a staggering $535.81 billion P$PEPE kens — worth about $5.07 million USD. This isn’t just a one-off; the whale has a track record of profitable investments in meme coins, including $BRETT and $TURBO, where he made over $1.6 million in profits.
What does this mean for PEPE
📊 Market reaction:
Following the whale’s move, $PEPE ’s transaction volume has surged by 32.36%, suggesting that other major players are following suit.
📈 Technical Setup:
A bullish falling wedge is forming and trading above its 200 EMA, signaling potential continuation of the upside momentum.
⚠️ Potential Risks:
While this could be a signal of bullish potential, the whale’s large holdings could also indicate future selling pressure that could impact the price.
Bottom Line:
PEPE is heating up due to whale activity, and investors need to be on guard. Is this the start of a major rally or are we headed for a price correction? Only time will tell, but the stakes are high.