Frogcoin (Pepe, PEPE) is a meme token on the Ethereum ecosystem. With the approval of the Ethereum spot ETF, Pepe has been on a continuous upward trend and hit a record high of $0.000017256. Although it subsequently encountered resistance and fell back for ten days, many investors chose to sell at a loss, but investors who are optimistic about the trend are still buying at a low point.
The price of Pepe (PEPE) has risen by more than 60% in the past 30 days and hit a record high. On-chain data shows that its holders have exceeded 239,000. Pepe (PEPE) has recently outperformed some of the top crypto projects, and has achieved impressive results in the past six months, attracting more whale investors.
According to on-chain monitoring data, several major holders of Pepe (PEPE) have withdrawn more than $10 million worth of frog-themed meme coins in the past week. Therefore, Pepe's trading volume in recent weeks is considerable, surpassing Dogecoin (DOGE) and Shiba Inu Coin (SHIB). This shows that while ordinary investors are cutting their losses, whales are buying. Despite the uncertainty and price drops faced by PEPE investors in recent hours, PEPE's 24-hour trading volume remains high. Usually, PEPE's trading volume is about $800 million, and the current trading volume is $1.48 billion, highlighting the strong market interest in the token.
In the past three months, PEPE's swing trading win rate has reached 100%. 10 hours ago, a whale transferred $3.86 million worth of tokens from Binance:
- PEPE: 199.3 billion, worth $2.9 million, cost $0.000014565;
- SHIB: 38.1 billion, worth $960,000, cost $0.00002595.
The whale has built a position of 349.3 billion PEPE (worth $5.2 million) in this round, with an average cost of $0.00001491. This is also his eighth swing operation in the past three months. SHIB is the second largest asset in its holdings, holding 373.2 billion tokens worth $9.65 million.
Based on the above data, it can be predicted that Pepe will most likely set a new high in June, breaking through $0.0000200.
