Bitcoin

In the rapidly evolving cryptocurrency landscape, on February 27, 2024, every crypto enthusiast set their eyes on the world’s third-largest meme coin, Pepe. Following a massive 60% price surge in the morning, the on-chain analytic firm LookOnChain made a post on X (previously Twitter) stating that six wallets sold over 1.98 trillion <a href="https://news.todayq.com/pepe-jumps-60-as-meme-tokens-ride-bitcoin-wave/" rel="noopener noreferrer nofollow">PEPE tokens</a>, worth around $4.37 million, after making a huge profit of over $2 million. Crypto Whales 1.98 trillion PEPE tokens 
If we deep dive into these massive transactions from these wallets, according to LookOnChain, five wallets belong to the same person. Combined with all these wallets, the crypto whale deposited over 1.5 trillion PEPE tokens, worth around $3.3 million, to the world’s biggest cryptocurrency exchange, Binance, and made over $1.49 million, a positive gain of 82%.
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Another wallet address, 0xa145, deposited over 486.72 billion tokens, worth around $1.04 million, to Binance while making a profit of over $515k, a positive gain of over 97%. According to the available data, the crypto wallet holders recently bought this massive PEPE token (which was 24 to 27 days ago). However, PEPE is currently trading near $0.0000021, and in the last 24 hours, it has gained over 50% upside momentum, also reaching a high of $0.0000028 and a low of $0.00000114. PEPE technical analysis and key levels 
If we look at the performance of PEPE over a longer period, in the last 7 days, PEPE has gained over 77% upside momentum, whereas in the last 30 days, it experienced over 102% upside momentum. According to expert technical analysis, looking at PEPE on a weekly time frame, besides the bullish sentiment and the recent spike in Bitcoin price, another major reason behind this massive price surge is the recent breakout of inverted head and shoulder patterns. However, for this bullish move to continue, PEPE has to give a weekly closing at the breakout level.
As per historical data and price action analysis, it is expected that in the coming days, PEPE may reach its all-time high. PEPE is the only meme token that experienced a massive gain in the last 30 days. According to CoinMarketCap, DOGE, the world’s biggest meme coin, experienced over 22% upside momentum in the last 30 days, whereas the SHIB token experienced over 17% upside momentum in the same period.
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PEPE whales dump 1.98 trillion token amidst 50% price surge

Todayq News

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