Recently, the PEPE meme coin made a major outflow of $341.5 million from exchanges to whale wallets. This movement shows the whales’ trust in PEPE, while technical analysis signals also indicate a 75% upside potential in the coming days. In the cryptocurrency market, the movements of whales, known as big investors, can affect not only the short-term direction of the market, but also the general investor psychology. The recent increase in interest in the PEPE meme coin is a clear example of this effect. According to data published by on-chain analysis platform Coinglass, between November 16 and November 30, 2024, PEPE experienced a total outflow of $341.5 million from exchanges. This situation has sparked renewed discussions about the future of the meme coin and attracted the attention of market observers.
The fact that whales are transferring assets of this magnitude shows that trust and interest in PEPE is increasing. In general, exits from exchanges indicate that the assets are not for sale, but for long-term storage in personal wallets. This shows that PEPE is not just an asset based on short-term speculation, but has also become a serious investment vehicle with the potential to store value.
Based on technical analysis, a market expert predicts that PEPE could rise by 75% in the coming period and reach $0.0000375. Considering that meme coins usually have high volatility, this prediction could have a significant impact on PEPE’s market value if it comes true.
PEPE was initially created as an entertainment asset, just like other meme coins, but recent price action proves that it is not just a source of humor, but also a significant investment opportunity in terms of community support and financial value. PEPE is now not just a means of entertainment, but also an asset with serious financial value.
However, even considering the positive sentiment and price movements on PEPE, it is important that investors do not forget the risks inherent in meme coins.