Whale Deposits High Volume of PEPE as Price Surges
In recent weeks, PEPE has experienced a massive surge, attracting the attention of giant whales who are starting to capitalize on the current price momentum. Last month, the coin rose by an impressive 60%. Notably, a particular whale deposited a colossal 365 billion PEPE into Binance, according to data from Lookonchain. This same whale gained fame six months ago for turning an investment of $494,000 into a staggering $5.3 million.
With PEPE's market capitalization now surpassing $6 billion, the whale may have identified a lucrative opportunity to realize profits. Despite a slight slowdown in PEPE's growth over the past week, the overall bullish market sentiment suggests that the project's price could soon reach new heights.
Analyses indicate that PEPE is currently positioned in a part of the chart that signals an upward trend, suggesting exponential growth similar to that observed in the past month. This upward trajectory has fueled optimism among investors, who believe that PEPE could continue to climb at a remarkable pace. The whale's substantial deposit reflects confidence in the coin's potential for further appreciation, adding to the excitement surrounding PEPE's future prospects.
As PEPE continues to draw interest and investment, it remains to be seen how high the price can go. However, the recent developments and the whale's significant actions provide a strong indication of the coin's promising direction. Investors are closely monitoring PEPE, anticipating that the current momentum could propel it to unprecedented levels in the near future.
