Pepe Coin Price Eyes 1,850% Gains Amid Massive Whale Accumulation

Following the victory of Donald Trump in the U.S. election, Pepe Coin price spiked as whales began a massive accumulation spree, signaling a potential PEPE price surge. The price of PEPE soared by 13% over the last 24 hours, hitting a high of $0.000096 before retracing to settle around $0.0000923 at 06:10 a.m. ET. Whale Accumulation Signals Pepe Coin Price Breakout

Data from Santiment shows whales have begun accumulating PEPE after the asset bounced from the key support level. The buying spree was also fueled by Donald Trump winning the U.S. election and Dogecoin (DOGE) price surging by over 25%.

The number of large transactions involving whales with $1 million or more net worth broke two-month highs, signaling the increasing interest among these large players. Additionally, PEPE active addresses broke a 2-week high, indicating increased user engagement and transaction activity, which can lead to higher demand and potentially drive up the PEPE price. The daily on-chain transaction volume in profit-to-loss ratio also surged to 2.88, breaking a one-month high. This means that for every PEPE transaction in loss, about three are in profit. This makes investing in Pepe coin more profitable overall, increasing investors’ confidence in future price increases. News of Robinhood adding support for PEPE also contributed to the shift in market sentiment and increased whale purchasing. $PEPE