🐳 Pepe Coin Whales Move 794B PEPE, Sparking Price Speculations: What’s Next?
Pepe coin, a distinctive frog-themed meme coin, has recently caught the attention of the global crypto community with its impressive performance. Defying broader market expectations, the token has surged to unprecedented levels, boasting monthly gains exceeding 100%.
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Amid this significant price rise, on-chain data reveals that a savvy trader sold nearly 202 billion PEPE to a crypto exchange. This move has led to speculation that Pepe coin’s price might have peaked.
Despite this, market statistics suggest a positive outlook for the frog-themed meme token.
**Smart Trader Sells PEPE Amid Price Rally, Fueling Speculation**
According to the on-chain analytics platform Lookonchain, the trader 0x843df sold 201.85 billion PEPE, worth $2.83 million, to the Bybit exchange to take profits. This trader has traded PEPE three times with a 100% success rate.
The success of this trader has raised concerns about the coin’s potential for further gains. There are also speculations that this selloff might be a sign of FOMO selling.
Pepe coin’s recent rally to unexpected levels has stirred market sentiment, suggesting a possible correction. Meanwhile, another significant transaction saw 592 billion PEPE withdrawn from Binance by the wallet 0x8376, adding to the speculative buzz among traders and investors.
**PEPE Price Rallies 20%: What’s Next?**
On May 22, PEPE’s price rose by 21.82% in the past 24 hours, reaching $0.00001349. The token’s 24-hour low and high were $0.00001094 and $0.00001422, respectively.
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