• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Thursday, September 18, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

PEPE Whale Actions Hint at Potential 25% Growth

Jordan Avery by Jordan Avery
May 9, 2024
in News
Reading Time: 3 mins read
0
pepe-__token 1
Share on TwitterShare on Facebook

The recent drop in the price of the popular memecoin PEPE was likely in preparation for a new wave of growth. However, the whale activity, which has historically generated upward momentum, hints at the potential start of a new rally.

Whales unload memecoin reserves

Selling an asset by large investors is usually considered a bad sign. However, in the case of PEPE, the opposite is true: the graph below shows that after a sharp drop in the balance of whales, the memecoin soared in price. According to analytics platform Santiment, the volume of coins at the largest non-exchange addresses has decreased by 2.5 trillion tokens worth about $20 million over the past 5 days. If history repeats itself, upward momentum could be just around the corner.

pepe-memecoin
PEPE whale assets. Source: Santiment

In addition, 79 trillion PEPE worth $623 million purchased in the range of $0.0000070 to $0.0000099 will become profitable once the price of memecoin reaches a new high. Since this is one of the largest parts of the offering, investors will likely hold off on selling.

PEPE price forecast: rally of 25% or higher

At the time of writing, PEPE is trading above the critical level of $0.0000077. Considering the above-mentioned factors, Memecoin could consolidate a breakout from the descending wedge, confirming $0.0000100 as support.

memecoin-pepe
TradingView

However, if the $0.0000077 level is lost, PEPE could fall to $0.0000063, refuting the bullish thesis.

About PEPE

The PEPE cryptocurrency at the beginning of May 2023 is in third place in terms of capitalization among all meme coins, according to Coingecko (second only to Dogecoin and Shiba Inu ). In addition, the token entered the top 50 most capitalized coins in a matter of days.

PEPE-MEMECOIN-all-time high

Meme coins are tokens and cryptocurrencies based on popular memes on the Internet and often promoted by influencers such as Elon Musk, who constantly pumps up Dogecoin with his tweets. Investors both like and dislike such tokens – on the one hand, you can make good money on them if you invest at the right time, but on the other hand, most often this is a real bubble, the coins have no real use behind them and can collapse at any moment. There was a hidden launch of PEPE without pre-sales.

There are concerns about the centralization of token issuance. Thus, at the moment, six wallets store PEPE tokens worth more than $250 million. True, most of these wallets are exchange wallets (Binance, KuCoin, MEXC, etc).

Tags: Cryptocurrency rallyMemecoinsPEPE memecoinprice forecastToken centralizationWhale Activity
Previous Post

Arbitrum has become the most used L2 network on Uniswap, Market Anticipates WienerAI: Memecoin Sees Early Traction in Presale

Next Post

Bitcoin (BTC) Price Forecast: Opinions of Five Analysts

Related Posts

XRP’s Coinbase Supply Crash Sparks Q4 Rally Speculation
Market Analysis

XRP Coinbase Supply Crash Sparks Q4 Rally Speculation

September 16, 2025
Featured

Pakistan Moves to Regulate Digital Asset

September 14, 2025
shibarium-shib-hardfork 1
Featured

Shibarium Bridge Hit by $2.4M Exploit

September 14, 2025
coinbase-ceo-bitcoin-Brian Armstrong 1
Featured

Coinbase Explains How Token Listings Work

September 14, 2025
XRP Targets a Breakout as Bulls Eye a 20% Surge
Market Analysis

XRP Targets a Breakout as Bulls Eye a 20% Surge

September 13, 2025
Featured

Bitcoin Takes a Breather After Record High – But the Bulls Aren’t Done Yet

September 13, 2025

Press Releases

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?
News

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

by Alex Mercer
September 10, 2025

Ripple’s XRP is flirting with the $3 mark again, thanks to a tidal wave of speculation around a potential ETF...

Read more
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier