$BTC $DEXE The cryptocurrency market observer on X noticed several purchases by whales $PEPE , meme coins with a frog theme. In a recent post, the observer highlighted transactions involving four whales, who recently invested in the meme coin, indicating a significant bullish momentum returning for the cryptocurrency.
Among the observer's key highlights is a whale who became famous after realizing a profit of $6.24 million from a previous PEPE transaction. According to the observer, the same whale recently bought 250 billion PEPE meme coins at an average price of $0.00001697. Meanwhile, another PEPE whale added 230.1 billion meme coin tokens to their portfolio at an average price of $0.00002455.
In addition to the two previous whales, the cryptocurrency market observer noticed a whale with an 85% winning stake, who recently opened a position in PEPE at 788.2 billion at an average price of $0.00002394. He also identified a fourth whale who recently bought PEPE for 1.129 trillion, equivalent to $3.68 million. The fourth whale purchased the meme coin at an average price of $0.00001647.
The acquisitions highlighted by the observer underscore the optimistic sentiment of investors towards PEPE, despite the recent pullback of the meme coin. PEPE pulled back more than 49% after reaching an all-time high of $0.00002836 in the first week of December. The frog-themed meme coin was trading at $0.00001763 at the time of writing, reflecting a rally of 22.5% from recent support.
Notably, the recent support for PEPE coincides with its previous high, reflecting a consistent pattern of higher highs and lows, with previous highs forming a base for subsequent rallies. It is worth noting that PEPE is one of the most efficient meme coins in the current bullish cycle and has maintained bullish momentum since its inception in 2023.#2024To2025 #2024Crypto #2024withBinance
