On December 14, 2024, a long-dormant whale wallet shocked the cryptocurrency market. The wallet transferred over $52 million worth of 2.1 trillion PEPE tokens, with the transaction occurring after 600 days of silence, triggering significant attention and speculation about the potential rise of this popular meme token.
Whale activity: Potential price peak signals
Whale behavior in the cryptocurrency market is often closely related to price volatility. Large-scale asset transfers are often accompanied by trust in the asset or expectations of future price increases. Historical data shows that similar large transactions frequently occur before price rises, further reinforcing market bullish expectations for PEPE's future trend.
This whale initially purchased this batch of PEPE tokens for 0.0135 ETH (approximately $27), achieving an astonishing investment rate of 1.9 million%, which further boosted market confidence in this upward potential.
Positive sentiment from the technical perspective
Currently, the price of PEPE is $0.00002442. Analysts expect that if the token breaks through the recent resistance level of $0.00002810, it could quickly rise to $0.000036. Technical data also supports this view:
10-day moving average: Shows resistance in the short term, suggesting it may take some time to break through this area.
50-day moving average: An ascending main support zone that may provide price support and reduce downside risk.
RSI (Relative Strength Index) at 54.4: Currently indicates a neutral market trend, and the price may further increase.
MACD (Moving Average Convergence Divergence): Also shows some signals suggesting that the momentum for price increase is actively building.
The overall recovery of the crypto market may benefit PEPE.
The overall condition of the cryptocurrency market is improving, and the increase in whale activity is closely related to Ethereum (ETH) approaching the $4,000 price point. Historically, meme coins like PEPE tend to rise along with mainstream cryptocurrencies (such as ETH).
According to current market analysis, if PEPE's price breaks through the existing resistance level, it could further rise to $0.000058, and even break through to $0.0001 under favorable market conditions. However, achieving this requires sustained investor attention and broader market support.
Nevertheless, stability should be maintained and thorough research conducted before making any investment decisions. The dynamics of the cryptocurrency market change rapidly, and any decision should be based on a comprehensive understanding of the market and risk assessment. Public. Zong. Good: Liu Liu says coin
Conclusion
Currently, PEPE's performance and the behavior of whales suggest a potential upward opportunity, but uncertainty in the cryptocurrency market still exists. Investors should always pay attention to market changes and be prepared to make decisions in response to potential volatility.
