LIVEThe price of PEPE coin may be on its way to setting a new all-time high
The PEPE coin price made history this week and will likely make it right again as it enters June.
PEPE coin whales accumulate
The price of PEPE can benefit from the optimism shown by its holders. Holders of large portfolios aggressively accumulate after a long period of selling. The supply held by the highest non-exchange addresses increased by 2 trillion PEPE.
This bid worth more than $25 million was collected by the top non-exchange titles in a week. The changing behavior is consistent with the price action, which indicates that...
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Whales dictate price movement.
If this behavior continues, PEPE price could benefit from this.
Second, investors are motivated to remain optimistic because nearly 30 trillion PEPE is about to become profitable. According to the Global In/Out of Money Index (GIOM), 30 trillion PEPE were purchased between $0.00001300 and $0.00001800.
Given that the meme coin's all-time high is $0.00001725, PEPE will need to generate a new ATH to turn all $377 million supply into profit. This will require significant upside from investors.
Their optimism will keep the price rising.
