Whales on the Move in #PEPE: What Should Investors Pay Attention to?
The recent whale activity in the PEPE coin on Binance attracts the attention of investors. On-chain data shows that cryptocurrency whales have invested heavily in PEPE. Could this push the PEPE price up? What steps should investors take?
What Makes Whales Interested in PEPE?
June 7: A wallet belonging to investment company Nascent purchased 447.67 billion PEPE from Binance, worth approximately $5.5 million. With this acquisition, PEPE became the largest asset in Nascent's portfolio.
June 8: An unidentified whale received 231.64 billion PEPE from Kraken, worth approximately $2.9 million. This whale has accumulated a total of 750.34 billion PEPE since March 16.
Factors Affecting PEPE Price:
May: PEPE price rises as interest in meme tokens increases with the return of The Roaring Kitty. It reached $0.00001717 on May 27.
Current Situation: PEPE price has a strong support near $0.00001218. Its future movement will depend on whether it can stay above this support.
Recommendations for Investors:
PEPE is supported by large whale purchases.
Watch for support at $0.00001218.
Whale movements can have significant impacts on the token price.
PEPE gained 43.1% in value in the last month.
Things to pay attention:
The cryptocurrency market is quite risky. Do detailed research before investing.
Don't risk more than you can invest.
Make your own investment decisions and do not blindly believe the advice of others.
PEPE is a meme coin that has been attracting the attention of whales lately. Investors can make informed investment decisions by following developments in PEPE and considering risks.
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