🔥Pepe Primed for a 51% Surge as Crypto Whales Snap Up $5.56 Million Worth of Tokens🚀
Amidst market turbulence, major crypto players are seizing the opportunity, accumulating significant amounts of the meme coin Pepe, totaling approximately $5.56 million.
The Potential 51% Jump for Pepe
Spot On Chain, a leading blockchain analysis platform, spotlighted a notable crypto whale identified by the wallet address 0xa14, demonstrating substantial activity.
This whale recently transferred 350.2 billion PEPE, valued at $2.93 million, from Binance in their fourth such move, netting an estimated profit of $1.63 million, marking a robust 15% gain.
Since March 14, 2024, this whale has withdrawn a staggering 1.449 trillion PEPE from Binance, spending roughly $10.86 million. They've reinvested 789.26 billion PEPE, totaling $6.74 million, and currently hold 660 billion PEPE, valued at approximately $5.74 million.
Spot On Chain highlighted, "This whale has consistently profited with a 100% win rate, amassing $955,000 from previous PEPE trading cycles." Other significant traders are also entering the Pepe arena, with Lookonchain reporting investor 0xa4F purchasing 123.66 billion PEPE for $1.09 million.
Wallet address 0x895 withdrew 101 billion PEPE, valued at around $885,000, from Binance, while 0x24E3 invested $661,000 USDC to acquire 74.5 billion PEPE at a rate of $0.000008873.
These moves coincide with a 5% decline in BTC from $63,400 to $60,180 last Friday. Nevertheless, Pepe has demonstrated resilience, bouncing back by nearly 7% from Friday's low.
Pepe's recent resurgence was propelled by a breakout on May 3. Testing the pattern's neckline at $0.00000785 on May 8, the meme coin surged by 11%.
Market analysis suggests that based on the current pattern, Pepe could skyrocket to $0.00001330, representing a remarkable 51% increase from its current price.
Price Check on Pepe (PEPE)
Keep an eye out for resistance at $0.00000890. A close below $0.00000785 could indicate a downturn, so vigilance on the charts is key.
