Cryptocurrency market activity has surged in 2024, with whales playing a key role. A notable transaction occurred on April 30 when a whale acquired billions of PEPE and SHIB coins, causing a price surge. Whales are closely monitoring Shiba Inu (SHIB), Retik Finance (RETIK), and Pepe Coin (PEPE) in May.
SHIB has gained momentum this year, with an 8% price increase this week alone. Despite minor corrections, its market capitalization exceeds $13.4 billion. Network upgrades and strategic listings have driven investor interest. The launch of ShibaSwap has further bolstered SHIB's appeal. Technical analysis indicates a potential bullish trend if SHIB breaks the 50-day Exponential Moving Average resistance level.
RETIK stands at the forefront of DeFi innovation. Its successful presale raised over $32 million, indicating investor confidence. Key features include DeFi debit cards, AI-powered P2P lending, a smart crypto payment gateway, and a multi-chain DeFi wallet. The early launch of Retik debit cards has fueled optimism. As RETIK prepares for its listing on major exchanges on May 21, a 5000% price surge is anticipated.
Pepe Coin (PEPE) has gained attention with a recent 20% price surge. With a market capitalization of $3.5 billion, PEPE ranks among the top meme coins. Accumulations by whales and investors signal confidence in future price movements. Technical analysis suggests bullish momentum for PEPE, with potential for a swift reclaim of its March all-time high price.
As whales monitor SHIB, RETIK, and PEPE, the crypto market brims with anticipation. Each coin offers unique features and bullish potential. Whales are particularly eyeing RETIK's upcoming listing announcement on OKX and other exchanges, expecting a 5000% price surge post-listing.