PEPE Price Prediction: Last-minute $121M whale demand spark 1,500% 2024 rally
PEPE price surged 25% within the last 24 hours, decoupling from the broader market gloom.Whale transactions on the PEPE network hit a weekly peak volume of $121 million on Monday.Technical indicators suggest the bullish momentum could weaken as PEPE price approaches the $0.000025 resistance level.
PEPE Price Action | Source: TradingView
PEPE has emerged the standout performer, as global cryptocurrency markets experienced intense volatility in the final trading hours of 2024.
Amid the downtrend, Bitcoin price remains stuck below $95,000, struggling to reclaim key psychological levels, while Ethereum continues to falter around $3,300.
Similarly, memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) have recorded double-digit losses over the past week.
However, amid this gloomy backdrop, PEPE price has increased considerably on Tuesday.
Whales spotted trading $121M in last-minute frenzy
PEPE’s 25% price surge on Tuesday has left many wondering if this momentum is sustainable or simply a temporary spike driven by short-term factors. On-chain data trends show an unusual spike in whale trading activity on the PEPE network, a move that could have sparked the rally.
