PEPE Whale Offloads 396 bln Tokens, Sell Signal or What?
đ Big moves in the PEPE (PEPE) đžđ
Today, a significant event caught the eye of crypto enthusiasts: a PEPE whale deposited a whopping 395.92 billion tokens, valued at $3.4 million, on Binance. Despite this large deposit during a market recovery, the whale has managed to pocket a hefty profit of over $5.06 million, showcasing the potential gains in this volatile market.
Previously, similar whale actions caused PEPE to experience notable price fluctuations, including a 16% drop. However, with PEPE recently breaking out of its consolidation zone and retesting key levels, optimism is high among traders. Historically, such breakouts have led to substantial gains, with expectations of a 50% increase if PEPE holds above the 200 EMA.
Stay tuned as PEPE continues to make waves in the crypto space! đâš
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