PEPE Whale Sells 396 Billion Tokens, Is It a Sell Signal or What?
🚀 Big Moves in PEPE (PEPE) 🐸📈
Today, a major event caught the attention of crypto enthusiasts: a PEPE whale deposited 395.92 billion tokens, worth $3.4 million, on Binance. Despite this large deposit during the market recovery, the whale managed to pocket a huge profit of over $5.06 million, indicating bullish potential in this volatile market.
Previously, similar whale actions have caused PEPE to experience notable price movements, including a 16% drop. However, with PEPE recently breaking out of its consolidation zone and retesting key levels, optimism is high among traders. Historically, such breakouts have resulted in significant gains, with a 50% gain expected if PEPE holds above the 200 EMA.