Crypto Whales Capitalize on PEPE During Market Dip

Saturday, 11 May 2024, 09:37

Major crypto whales purchased $5.56 million worth of PEPE amidst a market downturn, with the potential for a 51% surge in the coin's value. Transactions by prominent investors and market analysis indicate a bullish trend for PEPE despite broader market struggles. Have a look at how crypto whales are impacting the PEPE market and the implications for investors.
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Crypto Whales Capitalize on PEPE During Market Dip

Major Crypto Whales Capitalize on PEPE

Major crypto whales have capitalized on the current market downturn. They have acquired substantial amounts of the meme coin Pepe (PEPE), with transactions totaling approximately $5.56 million.

Prominent Whale Investor Activity

  • Spot On Chain detailed the activity of a prominent crypto whale who withdrew 350.2 billion PEPE valued at $2.93 million from Binance. The investor's fourth transaction in this series brought their total estimated profit to $1.63 million, a 15% increase.
  • Win Rate of 100%: The whale earned an estimated cumulative profit of $955,000 from previous PEPE trading cycles.

Market Analysis and Trends

  • PEPE's resilience during the broader market dip and quick recovery are significant.
  • The breakout from an inverse head and shoulders pattern suggests a potential 51% surge in PEPE's value.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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