Long

Pepe

NEXT GEN PEPE

<div class="dailyhodl">
 <p>A deep-pocketed crypto entity has been seen suddenly withdrawing more than a half trillion Pepe (PEPE) as the memecoin soars, on-chain data shows.</p>
 <p>Blockchain tracking firm Lookonchain noticed that the crypto whale withdrew 592 billion PEPE from Binance, the world’s top crypto exchange, which was worth nearly $8 million at the time of the transaction.</p>
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 <p><em>“A whale withdrew 592 billion PEPE ($7.95 million) from Binance [on May 22nd], most likely bought during the price increase over the past two days.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOK2CrIboAAKgWb?format=jpg&amp;name=large" alt="Image" width="1610" height="926">
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   Source: Lookonchain/X
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 <p>Pepe is trading for $0.0000137 at time of writing, up 11.5% in the past 24 hours and 108% in the last month.</p>
 <p>Some analysts are suddenly turning bullish on Pepe, including pseudonymous crypto analyst Altcoin Sherpa.</p>
 <p><em> “If you’re looking for a big cap meme to long, I think PEPE is a good one, good liquidity, strong volume. This one definitely catches up to the others a bit in my opinion – not saying it’ll flip Doge or anything, but should go up more relatively. Long in the green boxes.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GOKeTxtXoAAwCEI?format=png&amp;name=large" alt="Image" width="1369" height="792">
  <figcaption class="wp-caption-text">
   Source: Altcoin Sherpa/X
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 </figure>
 <p>Looking at his chart, the analyst suggests Pepe could retest two trading ranges to the downside, including the range between $0.00001300 to $0.00001200 and $0.00001150 to $0.00001100, before rallying again.</p>
 <p>However, another popular analyst DonAlt is warning that red-hot memes like Pepe could see a sudden collapse in value of more than 80% based on data from previous cycles.</p>
 <p><em>“If I’m right, the popular memes we trade today will trade 80%+ lower. Then you’ll have new memes come up that build new communities that run up. And we’ll have the same discussions in a couple of years.”</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/whale-withdraws-over-half-a-trillion-pepe-worth-nearly-8-000-000-from-binance-as-memecoin-soars-tbt89338.html">https://thebittimes.com/whale-withdraws-over-half-a-trillion-pepe-worth-nearly-8-000-000-from-binance-as-memecoin-soars-tbt89338.html</a></p>

Whale Withdraws Over Half a Trillion PEPE Worth Nearly $8,000,000 From Binance As Memecoin Soars

TheBitTimes

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