PEPE's 15% drop is the perfect opportunity for whales: How?
PEPE's price dropped in double digits in the last week, but buying pressure increased.
Keep up with what's happening in the crypto world in real-time.
PEPE's price dropped in double digits in the last week, but buying pressure increased.
Brett (BRETT), a meme coin inspired by a character from the "Boy's Club" comic, has experienced a notable price surge of 449% within the past 30 days.
Fortune might be smiling to PEPE once again as a mega whale went on an accumulation spree over the past 24 hours. This maneuver from the whale comes at a time when the price of PEPE dropped significant, setting a discount move to bag the tokens.
Crypto whales have shown strong interest in the Pepe (PEPE) meme coin, purchasing over $8 million worth during a price correction.
Discover the top 3 meme coins to buy in June 2024: Pepe Coin, Dogecoin, and Shiba Inu. Get the latest analysis and insights.
On Sunday morning, an unknown cryptocurrency whale bought 231.6 billion PEPE tokens from Kraken, valued at about $2.9 million. This recent purchase adds to the whale's total holdings of 750.34 billion PEPE, amounting to $8.34 million since mid-March, reports Lookonchain.
Check out what needs to happen for BRETT to surpass PEPE (according to ChatGPT).
June has kicked off an impressive rally for meme coins, with several popular ones drawing significant buyer interest, leading to massive price increases. A notable event was the return of Keith Gill, better known as “Roaring Kitty,” who sparked a surge in GME memecoin prices.
Whales are now interested in PEPE. Can this help with the memecoin's recovery?
The slump in the broader digital currency ecosystem is taking a significant toll on top meme coins in the market with a corresponding liquidation recorded. At the time of writing, the total liquidation in the broader market comes in at $413.85 million, according to data from CoinGlass.
Pepe Coin Price Analysis: The memecoin PEPE, themed around a frog, recently experienced a price correction after peaking at $0.0000172 in late May. This downturn saw the altcoin's price fall by 25%, landing at $0.00001274, while its market cap decreased to $5.36 billion.
According to ZachXBT, the address still holds roughly $1 million worth of ANDY.
A venture capital firm, Nascent, has made a massive memecoin investment, purchasing 447.67 billion PepeCoin assets, worth approximately $5.48 million. Lookonchain revealed that Nascent's move came after PEPE's price plummeted, indicating a dip-buying strategy. Dip-buying involves market players capitalizing on declining prices to purchase digital assets at discounted prices.
Venture Capital Nascent made a significant move in the crypto space by acquiring 447.67 billion PEPE tokens for $5.48 million, seizing the opportunity presented by the recent market downturn. This substantial purchase exemplifies the “buy the dip” strategy, enabling Nascent to capitalize on the lower prices while bolstering PEPE's position within their portfolio.
Popular frog-themed cryptocurrency, Pepe (PEPE) has witnessed a dramatic surge in its trading activities, surpassing prominent cryptocurrencies like XRP, the 7th largest cryptocurrency by market capitalization and Shiba Inu (SHIB), the second largest meme coin by market capitalization.
The ratio of daily on-chain transaction volume in profit declined in June, which was an early caution sign.
Market bulls have ignited around meme coins like BRETT as sentiments flip green this week. This jump has led to a wider rally for meme coins and top crypto assets.
Despite the volatility, this whale's accumulation of meme coins signifies strong confidence in their potential. Over the past five days, the whale, identified as 0xa14, withdrew 199 billion PEPE, worth approximately $2.9 million, and 37 billion SHIB, valued at $964,000, from Binance, the leading crypto exchange.
Continuing our crypto analysis column, today we will focus on three important projects in the ecosystem: TAIKO, PEPE, and Fetch.ai.
Pepe price forecast: After rising to a new all-time high of $0.00001717 on May 27, the frog-themed meme coin is back on the move. It has in the last 24 hours, sustained a modest 2.7% increase to exchange at $0.00001475 toward the end of the European session on Thursday.
Pepe (CRYPTO: PEPE) and Shiba Inu (CRYPTO: SHIB) are seeing strong interest from whales, which prompted traders to remain optimistic about their future price trajectories. What Happened: On-chain data analytics platform The Data Nerd noted one whale withdrawing 199 billion PEPE ($2.9 million) and 37 billion SHIB ($964,000) within the past 12 hours.
Institutional investors on crypto exchange Bybit increased meme coin allocations to a high of $300 million in April from $63 million at the start of this year.
Here are three cryptos to sell that could crash if a significant market reset takes hold in the digital asset space in the coming months.
In a riveting turn of events, amidst meme coins' turbulent price action witnessed in the past 24 hours, a whale has been recorded bagging colossal amounts of Pepe coin (PEPE) and Shiba Inu (SHIB) tokens, nabbing investor attention across the globe. On-chain insights reveal 199 billion PEPE and 37 billion SHIB were purchased recently, birthing