Pepe Coin Whale Moves Over $27M As Analyst Predicts Breakout
The post Pepe Coin Whale Moves Over $27M As Analyst Predicts Breakout appeared on BitcoinEthereumNews.com. Key Insights: Whale moves 2T PEPE coin ($27.8M) from Bybit to unknown wallet, hinting at possible accumulation. PEPE forms cup-and-handle pattern with $0.0000148 breakout target near $0.0000238. PEPE open interest nears $600M with rising volume and positive funding rates across exchanges. A massive transfer of Pepe Coin (PEPE) worth more than $27 million has drawn attention from traders and market analysts. Blockchain monitoring service Whale Alert reported on May 27, that 2 trillion PEPE tokens were moved from the crypto exchange Bybit to an unknown wallet. This large movement occurred during a time of increased activity and price fluctuation in the broader cryptocurrency market. The shift in tokens was sudden which prompted discussions on how whales could be accumulating. The timing of the transfer is also particularly convenient as technical analysts hint at Pepe Coin poised for a price breakout with recent market trends and increased trading interest. Pepe Coin Whale Activity Suggests Accumulation Strategy According to onchain data, a number of large PEPE transfers have occurred in recent days. The biggest was the 2 trillion PEPE token dump from Bybit worth $27,887,373. Published on X by Whale Alert, it shows the funds were withdrawn and sent to an unknown blockchain wallet with no known links to an exchange. Source: X This was not the only large transaction by the Pepe whales. Over 11.75 trillion PEPE tokens were transferred in the past 24 hours per reports from Lookonchain. According to data, there’s large scale buying interest from high-volume players, as is usual with whale pumping up for long term holding or possibly a price increase. Such an activity from major holder often signifies the market confidence. Though the source of the transferred PEPE is mysterious, traders are watching these moves. Crypto Zeus, a crypto analyst, commented that, “This shows consistent…
The post Pepe Coin Whale Moves Over $27M As Analyst Predicts Breakout appeared on BitcoinEthereumNews.com.
Key Insights: Whale moves 2T PEPE coin ($27.8M) from Bybit to unknown wallet, hinting at possible accumulation. PEPE forms cup-and-handle pattern with $0.0000148 breakout target near $0.0000238. PEPE open interest nears $600M with rising volume and positive funding rates across exchanges. A massive transfer of Pepe Coin (PEPE) worth more than $27 million has drawn attention from traders and market analysts. Blockchain monitoring service Whale Alert reported on May 27, that 2 trillion PEPE tokens were moved from the crypto exchange Bybit to an unknown wallet. This large movement occurred during a time of increased activity and price fluctuation in the broader cryptocurrency market. The shift in tokens was sudden which prompted discussions on how whales could be accumulating. The timing of the transfer is also particularly convenient as technical analysts hint at Pepe Coin poised for a price breakout with recent market trends and increased trading interest. Pepe Coin Whale Activity Suggests Accumulation Strategy According to onchain data, a number of large PEPE transfers have occurred in recent days. The biggest was the 2 trillion PEPE token dump from Bybit worth $27,887,373. Published on X by Whale Alert, it shows the funds were withdrawn and sent to an unknown blockchain wallet with no known links to an exchange. Source: X This was not the only large transaction by the Pepe whales. Over 11.75 trillion PEPE tokens were transferred in the past 24 hours per reports from Lookonchain. According to data, there’s large scale buying interest from high-volume players, as is usual with whale pumping up for long term holding or possibly a price increase. Such an activity from major holder often signifies the market confidence. Though the source of the transferred PEPE is mysterious, traders are watching these moves. Crypto Zeus, a crypto analyst, commented that, “This shows consistent…
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