In recent weeks, PEPE has captured significant attention by surging dramatically, prompting major whales to seize the opportunity presented by the current price momentum. Last month alone, PEPE's value skyrocketed by 60%. A standout event involves a prominent whale depositing a massive 365 billion PEPE into Binance, as reported by Lookonchain. This whale is renowned for turning a $494,000 investment into an astounding $5.3 million just six months ago.
With PEPE's market capitalization now exceeding $6 billion, it seems the whale sees a lucrative chance to cash in on the gains. Although the coin's growth has slightly decelerated over the past week, the overall bullish sentiment in the market hints that PEPE's price might soon achieve new peaks.
Current analyses place PEPE in a favorable position on the chart, indicating an upward trend and potential exponential growth akin to last month's performance. This trajectory has sparked optimism among investors, many of whom believe PEPE could continue its remarkable ascent. The whale's significant deposit underscores confidence in the coin's potential for further appreciation, enhancing the excitement surrounding PEPE's future.
As PEPE continues to attract interest and investment, its ultimate price ceiling remains uncertain. Nevertheless, recent developments and the whale's notable actions strongly suggest a promising future for the coin. Investors are keenly watching PEPE, anticipating that the ongoing momentum could drive it to new, unprecedented levels soon.
