Meme is still the mainstream, and #PEPE may be ready to hit another high. Hold on patiently, the frog will not let you down! !
Fortune smiled on PEPE again, and one whale bought 231.6 billion in about 24 hours. This huge accumulation reached 2.9 million US dollars and consolidated the whale's position in memecoin.
David saw from the data that the PEPE whale is no stranger to the field of token accumulation. Since March 16, this whale has purchased a total of 750.34 billion PEPE from Kraken at an average price of 0.00001111 US dollars, worth 8.34 million US dollars.
There is a very unique feature of buying PEPE at this time. This is because many people may sell the token at this time considering that it recently hit an all-time high (ATH). From its ATH of $0.00001718, PEPE has now retraced 26.38% to its current price of $0.00001262.
One of the main explanations for the whales’ behavior is the huge confidence in PEPE’s continued growth from its current levels. Despite the impressive leaps that PEPE and other memecoins have made in this bull run, market analysts remain optimistic that altcoins known for outperforming the broader market have more upside ahead.
Over the past week, PEPE has fallen by 9.64%, creating a unique environment for whales to hold on for the long term. PEPE remains a major favorite for a memecoin that is about to retest its ATH.
In addition to PEPE, the memecoin ecosystem is also growing at a very positive pace. The market cap of the memecoin world has grown to $58,794,310,811, up 1.95% in 24 hours.
The growth was helped by Dogecoin (DOGE) rising 0.6% to $0.1477, PEPE rising 1.82% to $0.00001268, and dogwifhat (WIF) rising 0.77% to $2.769. One of the important milestones in the ecosystem is the growth of FLOKI’s BNB Chain holders to more than 417,000.
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