### PEPE Price Forecast for September 2024
PEPE, the third-largest meme coin, might be poised for a significant uptick following a major purchase by a large investor. On September 2, 2024, the analytics firm Lookonchain reported on X (formerly known as Twitter) that a whale purchased 292.97 billion PEPE tokens from Binance for $2.17 million shortly after the U.S. stock market opened.
#### Whale's Strategic Investment in PEPE
This massive buy near the key support level of $0.0000071 could indicate a strong buying opportunity. The whale also invested in other tokens, acquiring over 4.28 billion FLOKI for $511,500 and 2.273 million WLD tokens for $391,000.
If PEPE follows similar trends seen in the past, its price could increase by 20%, potentially reaching around $0.000009 or higher. Additionally, PEPE’s Relative Strength Index (RSI) is currently in the oversold range, which may suggest a possible trend reversal soon.
#### PEPE Price Trends
At the moment, PEPE is trading at approximately $0.00000747, marking a slight 0.3% increase over the past 24 hours. The open interest rate has decreased by 2% in the last hour but has gone up by 1.7% over the past day, indicating growing investor interest.
While September has historically been a tough month for price performance, the expected launch of Bitcoin and Ethereum spot exchange-traded funds (ETFs) in the U.S. could lead to significant market shifts.
**Disclaimer:**
Always do your own research before investing. Use only funds that you can afford to lose, and take full responsibility for your investment decisions.
