Whale Alert: Analyst Flags Continued PEPE Accumulation

Recent transactions by major crypto whales have highlighted a resurgence of bullish sentiment for PEPE, the frog-themed meme coin. A crypto market observer on X identified multiple large acquisitions, suggesting renewed interest in the asset despite its recent price pullback.

Significant Whale Purchases Revive Optimism

One notable whale, famous for a $6.24 million profit in a previous PEPE transaction, recently bought 250 billion tokens. The average purchase price was $0.00001697. This acquisition reflects a calculated move, potentially capitalizing on PEPE’s upward momentum.

Also, another whale added 230.1 billion PEPE tokens to their portfolio at an average price of $0.00002455. Such substantial investments underline the growing confidence among investors in the coin’s potential.

Moreover, a whale with an 85% winning rate made a notable acquisition of 788.2 billion PEPE at an average price of $0.00002394. This transaction further demonstrates the increasing interest in the meme coin. 

Additionally, a fourth whale invested $3.68 million, purchasing 1.129 trillion PEPE tokens at an average price of $0.00001647. These acquisitions reflect a consistent pattern of strategic entries by major players.

PEPE’s Price Action and Market Outlook

Further, PEPE experienced a 49% decline from its all-time high of $0.00002836 earlier this month. Despite this, the coin recently rallied 22.5%, reaching $0.00001763 at the time of writing. Analysts noted that PEPE’s price shows a pattern of higher highs and lows, with previous highs forming solid support levels for future rallies.

Therefore, the consistent accumulation by whales and the coin’s performance highlight its potential as a leading asset in the current bull cycle. Additionally, the observed acquisitions suggest growing confidence in PEPE’s ability to recover and maintain momentum.