🚨 $PEPE Whale Activity Sends Shockwaves Through the Market! 🚨
A major whale just made a massive move in the PEPE arket, depositing 5.5 million USDT into Binance and acquiring a staggering 535.81 billion $P$PEPE kens—worth approximately $5.07 million. This isn't just a one-off; the whale has a track record of profitable meme coin investments, including $BRETT and $TURBO, where they netted over $1.6 million in profits.
What Does This Mean for $PEPE
📊 Market Reaction:
Since the whale’s move, $PEPE’s transaction volume has surged by 32.36%, showing that other big players are following suit.
📈 Technical Setup:
A bullish falling wedge is forming, and trading above its 200 EMA, signaling potential continued upward momentum.
⚠️ Possible Risks:
While this may signal bullish potential, the whale’s large deposits could also indicate future selling pressure, which could impact the price.
Bottom Line:
The PEPE is heating up with whale activity, and investors need to stay alert. Is this the beginning of a major rally, or are we in for a price correction? Only time will tell, but the stakes are high.
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