The recent activity in the Pepe Coin (PEPE) community attracted attention; A large whale's sale of 9 trillion coins has increased investors' concerns and accelerated bearish trends. Market watchers and crypto enthusiasts have scrutinized large-scale transactions such as staking and transfers of trillions of PEPE coins.
Whale Sales Impacted the PEPE Market
According to Arkham Intelligence data, a whale address caused controversy in the market by staking 2 trillion PEPE tokens to the Sophon blockchain project. While these tokens were originally purchased for $2.33 million, they are now worth $18.42 million. This move led to speculation about the whale's strategy.
Giant Transfers and Their Effects
During the same period, in the notification made by Whale Alert, it was stated that another whale address named 0x88a14933 transferred 9 trillion PEPE coins worth $ 82.17 million to Bybit. The selling of this large amount caused further speculation and concern in the market about the future of the PEPE coin.
General Market Situation and PEPE Performance
While the overall market was recovering, the downward trend on PEPE continued and the price of the coin declined. In the last trading session, PEPE fell to $0.000009364, down 1.24% in 24 hours. A 14% correction was seen on the weekly chart, with the highest and lowest transaction prices recorded as 0.000009435 and 0.000008791 respectively.
According to Coinglass data, open interest (OI) of PEPE futures increased by 10.19% to $100.46 million. However, derivatives volume fell 43.32% to $1.25 billion, reflecting traders' sense of uncertainty in the market.
PEPE's relative strength index (RSI) is hovering around 37, indicating that the coin is not in the overbought or oversold zone. This move signals the potential for downside pressure and reminds investors to be wary of future entry points. RSI approaching the oversold zone could herald a potential recovery in PEPE price, which is an important development to watch in the upcoming trading sessions.
PLEASE READ CAREFULLY FOR THE GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can get it done in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
