The crypto market observer has noted a resurgence in bullish momentum for the frog-themed meme coin, PEPE, following multiple whale acquisitions. These acquisitions involve four prominent investors who have recently increased their positions in PEPE, indicating a positive outlook for the cryptocurrency. One of the whales, known for making a $6.24 million profit from a previous PEPE transaction, recently bought 250 billion PEPE tokens at an average price of $0.00001697. Another whale added 230.1 billion PEPE tokens to their portfolio at an average price of $0.00002455.
In addition to these two whales, the observer identified two more investors who have shown confidence in PEPE. One whale with an 85% winning rate opened a position of 788.2 billion PEPE tokens at an average price of $0.00002394, while another whale purchased 1.129 trillion PEPE tokens, equivalent to $3.68 million, at an average price of $0.00001647. These acquisitions highlight investors’ positive sentiment toward PEPE despite the recent pullback experienced by the meme coin, which retraced by over 49% after hitting an all-time high of $0.00002836 in early December.
Despite the recent dip, PEPE has shown resilience and has maintained a bullish momentum since its creation in 2023. The coin’s current price of $0.00001763 reflects a 22.5% rally from recent support levels. Notably, the support level coincides with PEPE’s previous high, indicating a pattern of higher highs and lows that could potentially lead to further gains. PEPE has emerged as one of the best-performing meme coins in the current bull cycle, attracting the attention of both retail and institutional investors.
It is essential to note that the information provided in this article is for educational and informational purposes only and should not be interpreted as financial advice. Readers are advised to conduct their own research and exercise caution before making any investment decisions related to PEPE or any other cryptocurrency. The article does not endorse any specific investment strategy and encourages readers to seek guidance from financial professionals when considering investment opportunities.
