Big news! PEPE, the 100x coin, is favored by whales! 🔥
Recently, the PEPE market has seen a shocking scene: a whale withdrew PEPE worth more than $29 million from Bybit and deposited it into a private wallet. This move not only demonstrates the firm confidence in the PEPE project, but also heralds the arrival of new market dynamics.
Despite long-term pressure, PEPE achieved a small rebound of 0.94% last week, and the technical chart showed positive signs. The market generally believes that PEPE is poised to hit the historical high of $0.00001725 in May, and the whale's actions have undoubtedly added strong momentum to this.
The transfer of 4 billion PEPE marks investors' recognition of the long-term value of the asset, which may trigger a tightening of market supply and drive prices up. Despite short-term volatility, PEPE is currently in a key position of a bullish symmetrical triangle, and its rebound potential has not diminished.
The formation of the golden cross of the MACD indicator and the increase in trading volume further strengthened the expectation of a rebound in PEPE. The public is very interested, and the community power and innovation potential have laid a solid foundation for the future development of PEPE, which is promising!
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