Signal
Signal
Signal
🐋Whales take action!
200 billion PEPE & SHIB buying frenzy
Crazy buying: In the past 24 hours, more than 200 billion Pepe coins (PEPE) and Shiba Inu coins (SHIB) were swallowed by whales, of which 199 billion PEPE and 37 billion SHIB were withdrawn from Binance by address 0xa14, with a total value of more than 30 million US dollars. Giant whale confidence: This whale bought a total of 349 billion PEPE in the past 5 days, worth 5.21 million US dollars, accounting for 82% of its total assets, showing firm confidence in the future trend of meme coins.
Price volatility and optimistic expectations
Short-term volatility: Although PEPE and SHIB prices fell by 1.14% and 1.97% respectively in the past 24 hours, market sentiment remains optimistic. Technical indicators: PEPE's RSI is close to 60, showing strong bullish momentum; SHIB's RSI is around 52, indicating neutral market sentiment. Burning mechanism: SHIB's burning mechanism helps reduce excess supply and paints an optimistic picture for future growth.
Futures market heats up
OI surges: Futures open interest (OI) for PEPE and SHIB reached $183.03 million and $99.37 million, respectively, showing that investors' interest and enthusiasm for the two tokens are heating up.
Future outlook: More gains are expected
Whales continue to buy: The continued buying behavior of whales will further drive the price of PEPE and SHIB up. Market optimism: Long-term holders and new investors are looking forward to this wave of bull market in meme coins. Price recovery: Based on whale actions, market optimism and technical indicators, the price recovery of PEPE and SHIB seems to be just around the corner.
Summary: The large-scale buying of whales, market optimism and positive changes in technical indicators have provided strong support for the price recovery of PEPE and SHIB. Investors can pay close attention to the future trends of these two meme coins and look forward to more opportunities for gains. 🌊🚀
