Pepe Surges 6.5% Amid Whale Withdrawals and Mixed Market Signals

The Pepe (PEPE) token recently saw a 6.5% increase in value over the past week despite overall bearish market sentiment. A major whale withdrew 150 billion PEPE tokens (worth $2.94M) from Binance to private wallets. The token is now trading at $0.00001963, up 105.02% monthly but 23.24% below its recent all-time high.

Technical indicators show increasing bearish pressure with negative CMF and rising ADX. CoinCodex predicts the token could rise to $0.00006594 by the end of December 2024.

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