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PEPE Sheds 18% in a Week: Will Bulls Return Soon?
PEPE has performed poorly over the past seven days. On June 3, 2024, PEPE was hovering around $0.00001525.
Notably, PEPE attained this price after Binance rolled out a new PEPE promotion with a prize pool of up to 100 million PEPE on June
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However, PEPE started pulling back as the excitement about this promotion faded.
As a result, PEPE hit a weekly low of $0.00001190. Luckily, Spot On Chain pointed out that Nascent purchased 447.67 billion PEPE worth $5.48 million from Binance on June 8.
This whale activity spurred a slight resurgence. By June 10, PEPE had stabilized at around $0.00001242. This price point means PEPE has wiped off 18.56% in a week.
Still, experts believe PEPE will recover and climb to $0.00001900 by the end of June.
Experts base this prediction on PEPE attracting more investors after a whale withdrew 303.40 billion PEPE from Binance on June 10, signaling accumulation. This forecast makes PEPE one of the leading ETH meme coins to buy!
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