PEPE Whale Moves 2.1 Trillion Tokens Worth $52 Million

A dormant whale wallet transferred 2.1 trillion PEPE tokens worth $52 million on December 14, 2024. After 600 days of inaction, this massive transfer has sparked conjecture regarding a meme coin price hike.

Analysts are closely watching PEPE, expecting a comeback to $0.00005 or higher.

Whale Activity May Increase

The cryptocurrency market's whale behavior is significant because huge transfers might indicate asset trust or foretell price fluctuations.

Historically, such movements preceded big price spikes. The whale who made this transfer bought the tokens for 0.0135 ETH (approximately $27), earning 1.9 million percent.

PEPE is expected to rise fast to $0.000036 if it breaks past $0.00002810 barrier.

Technical data supports optimism. The 10-Day Moving Average represents short-term resistance around $0.00002442, while the 50-Day is key support.

The Relative Strength Index (RSI) is 54.4, indicating neutral momentum with potential for growth. The MACD also indicates bullish activity, suggesting a price gain is imminent.

Whale behavior is rising as the bitcoin market improves. This is particularly true when Ethereum (ETH) approaches $4,000.

Other cryptocurrencies, including joke coins like PEPE, have flourished alongside ETH. Analysts are comparing whale actions to earlier this year before PEPE's price rose.

If PEPE continues its pace and smashes key resistance levels, analysts expect it to hit $0.000058 or $0.0001 under favorable market circumstances. Investor interest and market trends are needed to achieve such ambitious aims.

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