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🐸🚀🚀Increase in Pepe Coin Prices! Smart Investor Made Millions of Dollars with 943% Return on Investment
#PEPE Coin, a rising star in the cryptocurrency market, defied all expectations with a significant increase in value and showed a 12% increase with the PEPE coin trading at $ 0.00001136. Simultaneously, on the background of PEPE's recent price increase, it was noted that a whale known as Smart Money made a profit of $ 943 million with a return on investment of up to 14%.
December Dec 2023 to February 2024, Coinpedia's earlier reports detailed that the whale, known as Smart Money, spent 1.40 million USDT to acquire 1.56 trillion PEPE.
In the recent development, SMART MONEY took advantage of its previous investment in Pepe Coin by selling 140 billion coins, equivalent to 10% of its total assets, during the increase in the price of Pepe Coin, making a significant profit of $ 1.57 million from this transaction. effective recovery of the invested main amount of money.
By the way, this strategic move resulted in an impressive return on investment (ROI) of 943%, which highlights the success of SMART MONEY's Pepe Coin investment.Dec. Despite selling some of its coins, SMART MONEY still holds a significant stake of 1.26 trillion Pepe Coins worth $ 14 million.
PEPE Technical Analysis
When we look at the market data of Coinglass, we also see a strong movement in Pepe Coin's open position (OI) and derivatives trading. OI increased by almost 12% to $ 120.11 million, while the volume of derivatives also increased by 24.06% to $ 2.52 billion. These figures show that the interest and activity in Pepe Coin is increasing.
However, it is worth noting that the Relative Strength Index (RSI) has reached 75, indicating that Pepe Coin has entered the overbought zone. This points to the potential for a pullback or reversal of prices if purchases slow down.
