Recently, whales have been accumulating large amounts of PEPE tokens on Kraken. This development raises the question of whether whale movements will lead to a significant jump in the price of the cryptocurrency. Two whale wallets received a total of 828.8 billion PEPE, or about $6.2 million worth of PEPE, from Kraken, which has renewed interest in the token.

Increased Whale Activity in PEPE

On August 17, two large whale wallets, believed to be owned by a single entity, purchased 828.8 billion PEPE tokens from Kraken. These wallets first sold 500 billion PEPE, then bought back a large amount of PEPE at a lower price, aiming to take advantage of the cryptocurrency’s price drop. While the whales currently own 1.33 trillion PEPE, they have lost $3.3 million as a result of their investment.

Whale activity in the PEPE market is notable because it has the potential to impact prices. According to IntoTheBlock data, whales control almost 49% of PEPE’s total circulation. This concentration means that large whale transactions can cause price fluctuations, which can have an impact on both retail and institutional investors. This market dominance highlights the critical role of whales in the PEPE ecosystem.

PEPE's Market Value and Investment Opportunities$PEPE

Recently, PEPE’s Realized Value (MVRV) ratio has been at a negative level of -13%, which means that the token is undervalued. Short-term investors who have been holding PEPE for the last 30 days are at a loss. This low valuation may present an opportunity for potential investors to acquire PEPE at a relatively low price, which can be considered a “buy” signal. However, it is important to consider market dynamics and speculative risks before making investment decisions.

Last week, PEPE led the way in Open Interest (OI) among meme coins, which was dominated by recent whale activity. The liquidity influx into PEPE could be a positive catalyst that could trigger upward price movements. Rising OI indicates strong interest and participation from the trading community, which could boost PEPE’s market performance in the short term.

On the daily charts of PEPE, a possible bullish crossover is observed in the Moving Average Convergence/Divergence (MACD) indicator, which signals the beginning of an uptrend. The 61.8% Fibonacci retracement level corresponding to $0.000009 has been identified as an immediate bullish target. On the other hand, the 78.6% Fibonacci retracement level at $0.0000068 is seen as a significant short-term support point. Despite the bearish market structure, a break above $0.000009 could signal an uptrend and an extended recovery.

FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.

My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.

Now I will explain how you will 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 can benefit?

Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.

I EXPLAIN IN DETAILED.

My brothers and sisters who have become Binance members without a reference, please listen carefully;

When you do what I say in order, you will receive 10 USDT.

Go to 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 until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.

The first 1,000 brothers who 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.

Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.

It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.

WHEN WILL THE REWARD COME?

Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.

You can share this post with your friends in need so that they can also benefit from it.

IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.