Whale moves 2 trillion PEPE tokens off Bybit – Traders, what should you do?
The post Whale moves 2 trillion PEPE tokens off Bybit – Traders, what should you do? appeared on BitcoinEthereumNews.com. Whale accumulation and rising mid-size transactions hinted at growing confidence in PEPE’s price potential Short liquidations and bullish trend strength suggested price could extend beyond $0.000015 A massive transfer of 2 trillion PEPE tokens, worth over $27.8 million, was recently executed from Bybit to an unknown wallet. As expected, such a significant move has raised speculation about potential accumulation by a large holder, rather than preparation for a sell-off. Interestingly, the transaction seemed to be in line with rising market participation and bullish sentiments across the broader PEPE ecosystem. Whale actions often foreshadow key trend shifts. With this move occurring during a short-term price rally, it may hint at strategic long-term positioning, instead of distribution pressure. Retail interest on the rise as on-chain address activity surges Altcoin’s network data revealed growing activity among smaller investors. In fact, over the past 7 days alone, new addresses surged by 17.92% while active addresses rose by 8.05%. Such an uptick in participation hinted at increasing retail confidence and broadening user adoption. Although zero-balance addresses also saw a 1.64% hike, it was modest compared to the overall growth. Therefore, the net increase in address activity reflected renewed market enthusiasm. In light of the aforementioned whale transaction, it can be argued that both institutional and retail participants have been showing interest in PEPE’s ongoing market performance. Source: IntoTheBlock Mid-size to large transactions on the up… Transaction size analysis highlighted a broad-based uptick across all tiers, with especially sharp growth in mid-to-large categories. Transactions in the $10k–$100k and $100k–$1M ranges increased by 138.92% and 160.16%, respectively. Additionally, $1M–$10M transactions soared by a staggering 2300%, reinforcing the presence of whales and high-conviction players. Unlike retail spikes, large-volume activity tends to reflect informed positions – A sign that experienced players may be anticipating further upside in price action. Source:…
The post Whale moves 2 trillion PEPE tokens off Bybit – Traders, what should you do? appeared on BitcoinEthereumNews.com.
Whale accumulation and rising mid-size transactions hinted at growing confidence in PEPE’s price potential Short liquidations and bullish trend strength suggested price could extend beyond $0.000015 A massive transfer of 2 trillion PEPE tokens, worth over $27.8 million, was recently executed from Bybit to an unknown wallet. As expected, such a significant move has raised speculation about potential accumulation by a large holder, rather than preparation for a sell-off. Interestingly, the transaction seemed to be in line with rising market participation and bullish sentiments across the broader PEPE ecosystem. Whale actions often foreshadow key trend shifts. With this move occurring during a short-term price rally, it may hint at strategic long-term positioning, instead of distribution pressure. Retail interest on the rise as on-chain address activity surges Altcoin’s network data revealed growing activity among smaller investors. In fact, over the past 7 days alone, new addresses surged by 17.92% while active addresses rose by 8.05%. Such an uptick in participation hinted at increasing retail confidence and broadening user adoption. Although zero-balance addresses also saw a 1.64% hike, it was modest compared to the overall growth. Therefore, the net increase in address activity reflected renewed market enthusiasm. In light of the aforementioned whale transaction, it can be argued that both institutional and retail participants have been showing interest in PEPE’s ongoing market performance. Source: IntoTheBlock Mid-size to large transactions on the up… Transaction size analysis highlighted a broad-based uptick across all tiers, with especially sharp growth in mid-to-large categories. Transactions in the $10k–$100k and $100k–$1M ranges increased by 138.92% and 160.16%, respectively. Additionally, $1M–$10M transactions soared by a staggering 2300%, reinforcing the presence of whales and high-conviction players. Unlike retail spikes, large-volume activity tends to reflect informed positions – A sign that experienced players may be anticipating further upside in price action. Source:…
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