Crypto Analysts Predict Record-Breaking Pepe Whales Price
Amid the recent slump in the cryptocurrency market as a whole, one meme coin, Pepe Coin, has stood out. While other altcoins have been hurt by Bitcoin’s recent 5% drop, PEPE has been showing strength, rising sharply over the past month, with daily gains of nearly 6%.
This bullish trend has analysts such as Crypto Tony excitedly predicting that the meme coin could hit a new all-time high (ATH).
Pepe Coin Shows Resilience and Strong Performance
Unlike many other altcoins that have fallen hard during the recent market downturn, Pepe Coin has shown great resilience, suggesting that its underlying strength may be attracting new investors while also boosting the confidence of existing holders.
Over the past month, PEPE holders have seen significant gains, with the price rising steadily by 20% to $0.058. Daily trading volume has also been strong, reaching an impressive $755 million. Such activity levels indicate healthy market dynamics and help to bolster bullish sentiment around the meme coin.
Surge in whale activity fuels excitement for Pepe Coin
A surge in whale activity around Pepe Coin has excited the crypto community. Data from Lookonchain shows a large number of buys from wealthy investors, showing confidence in the meme coin’s potential.
The trend highlights a broader shift in perception of meme coins as a viable investment opportunity, which could drive further price increases and attract more investors to the market.
In a notable example, address 0xa145 withdrew 350 billion tokens from Binance, worth more than $3 million. The move shows optimism among traders and indicates potential profit opportunities through swing trading.
