The Ethereum-based memecoin $PEPE is showing signs of an imminent breakout, with projections setting its sights on a market cap of $25 billion in the next bullish wave.
Traders are closely watching the token, as momentum builds for another significant upward move.
Over the past eight days, a notable trader known as 304.eth has been steadily increasing his holdings in $PEPE. He has accumulated a total of 33.11 billion $PEPE tokens, equating to a substantial investment of $313.6K.
In the past 8 days, trader 304.eth has been buying $PEPE, total 33.11B ($313.6K).
During the same time, he also bought more 82.86M $WOJAK ($107.3K).
Currently, he is holding 298.45B $PEPE ($3.04M) and 352.69M $WOJAK ($454.5K).
To understand his strategy better, please refer… https://t.co/cYnyf6G7wQ pic.twitter.com/dXMqldyPr0
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) October 17, 2024
Not Just $PEPE Memecoin, $WOJAK As Well
But $PEPE isn’t the only memecoin on his radar. During the same period, 304.eth has also been expanding his position in $WOJAK, purchasing an additional 82.86 million tokens for $107.3K.
Currently, 304.eth’s portfolio includes a massive 298.45 billion $PEPE, now valued at $3.04 million, alongside 352.69 million $WOJAK, which has appreciated to $454.5K. These moves signal strong confidence in the future growth of both memecoins.
As $PEPE edges closer to its anticipated breakout, the broader crypto market is watching closely to see if the token can meet its ambitious $25 billion market cap target. With influential traders backing the coin and excitement building within the memecoin community, $PEPE’s next rally could bring substantial gains to its investors, reaffirming the potential for profits in this volatile yet promising sector.
JUST IN: Ethereum memecoin $PEPE (@pepecoineth) indicates an imminent breakout, eyeing a market cap target of $25B in its next upward move. pic.twitter.com/CUIEXgvvMu
— Whale Insider (@WhaleInsider) October 18, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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