Shocking news! The $PEPE market was swept by a giant whale, and the transaction volume soared to 8.5 million US dollars in 30 hours!
The PEPE market has set off a big storm! A big whale swept the Kraken trading platform crazily, spending 427 billion PEPE in 30 hours, which is 8.5 million US dollars when converted into US dollars! This wave of operations directly caused the PEPE market to explode.
The number of PEPE in the hands of this whale is astonishing, with a total of 1 trillion pieces, worth up to 18.4 million US dollars. It has made a lot of money from PEPE. This operation made 2 million US dollars, and it has accumulated 11.7 million US dollars before. It seems that it is full of confidence in the future of PEPE.
However, if you look at the current price of PEPE, one piece is only 0.0000176 US dollars, and it has fallen by 10.18% in 24 hours.
Some people may wonder, does this whale's tossing mean that PEPE is going to rebound? Or is it that the pressure from above is too great and it can't go up at all?
The price trend of PEPE is really worrying now. It is testing an important support point, which is $0.00001701. If the price can hold up, it may soar all the way to a high of $0.00002196. But if too many people sell, PEPE will be in danger.
Speaking of network growth, it has been a bit sluggish recently, with both the number of users and transaction volume declining. This is usually a rest period after a big price fluctuation.
However, this is only temporary. In the long run, whether this whale's big move can drive the development of the network and give investors a shot in the arm is the key to determining the price trend of PEPE.
From a technical perspective, there is an indicator that the price is still rising. PEPE is currently trading at $0.0000176, and the momentum is OK.
But another indicator shows that the shorts are still dominant, but the trend is not particularly strong. If buyers add some fuel, the bulls may be able to counterattack.
The test of the bull market is not only the ups and downs of the market, but also the test of our mentality. In the face of changes in the account, we must remain rational. Next, I will announce the next 10-fold potential coin! It is better to grasp it than to guess blindly! Like + leave a message, free sharing.
