Satoshi

Pepe

NEXT GEN PEPE

<p>One PEPE token whale has made a one-month profit of almost $5 million despite the token crashing by more than 17% from its record high. The whale with wallet address “0x546” sold 660.7 billion PEPE tokens worth $9.52 million and sent them to Binance. </p> 
<p>Lookonchain reported that this move rendered a 52% return on investment (ROI). Following this major transaction, the whale’s wallet now holds only $161,449 in cryptocurrency.<a href="https://x.com/lookonchain/status/1796084144155271414" target="_blank">&nbsp;</a></p> 
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   <p lang="en" dir="ltr">The price of <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a> has fallen nearly 20% from its peak.<br><br>In the past 10 minutes, a whale deposited all 660.7B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a>($9.52M) bought a month ago into <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a>, making ~$4.95M, with an ROI of 52%.<a href="https://t.co/XTaeBlTNML" target="_blank">https://t.co/XTaeBlTNML</a><a href="https://t.co/57yCOHJvpe" target="_blank">https://t.co/57yCOHJvpe</a> <a href="https://t.co/F6IV3qhrlq" target="_blank">pic.twitter.com/F6IV3qhrlq</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1796084144155271414?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 30, 2024</a>
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<p>In a tweet by crypto analyst Davie Satoshi on X, the current position of the PEPE token (PEPE) might actually be a wave 4 of a major wave 3. Normally, wave 4 should be a triangle pattern and take place in the position of a 23-30% correction. Wave 4, according to Satoshi, is really hard to diagnose and assess and has the effect of causing a lot of confusion among investors. If market actions in the coming days tend to look confusing, it will add to the presence of wave 4.<a href="https://x.com/NFTdavie/status/1796159011185741913" target="_blank"> </a></p> 
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   <p lang="en" dir="ltr">One possible count for <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$PEPE</a> is that we are currently in wave 4 of this major wave 3. <br><br>Typically, wave 4 tends to be a triangle pattern and corrects about 23-30%. In general, I hate wave 4's because the are the hardest wave to gauge and evaluate. If the action over the next few… <a href="https://t.co/Z0FNmXIZst" target="_blank">pic.twitter.com/Z0FNmXIZst</a></p>— davie satoshi (@NFTdavie) <a href="https://twitter.com/NFTdavie/status/1796159011185741913?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 30, 2024</a>
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<p>Satoshi points out that wave four is characterized by uncertainty, and one should avoid trading during this period, as the waves may appear in various forms. He notes that wave 4 usually contains many patterns, parameters, and types of movement, thus making it very difficult for investors to determine when the market trends are going to change.</p> 
<p>Fluctuations characteristic of meme coins such as PEPE can result in incredible profits; however, they also mean that investors take significant risks. Hence, investors should be careful and ensure they are informed of such investments as they have high risks involved.</p> 
<p>PEPE is currently trading at a price of $0.00001432, with a 1.9% price drop as per CoinMarketCap’s data.</p> 
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  <img fetchpriority="high" decoding="async" width="1024" height="543" src="https://www.cryptotimes.io/wp-content/uploads/2024/05/pasted-image-0-1-6-1024x543.png" alt="PEPE Price Chart" class="wp-image-180970" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/05/pasted-image-0-1-6-1024x543.png 1024w, https://www.cryptotimes.io/wp-content/uploads/2024/05/pasted-image-0-1-6-800x425.png 800w, https://www.cryptotimes.io/wp-content/uploads/2024/05/pasted-image-0-1-6-768x408.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/05/pasted-image-0-1-6-860x456.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/05/pasted-image-0-1-6.png 1027w" sizes="(max-width: 1024px) 100vw, 1024px">
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   <strong><em>Source: <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noreferrer noopener nofollow">Coinmarkertcap</a></em></strong>
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<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>Also Read: <a href="https://www.cryptotimes.io/2024/05/27/pepe-surges-130-in-may-flips-polygon-in-market-cap/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/05/27/pepe-surges-130-in-may-flips-polygon-in-market-cap/" rel="noreferrer noopener">Pepe Surges 130% in May, Flips Polygon in Market Cap</a></p> 
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Pepe Whale Profits Nearly $5M Despite Token’s Price Drop

The Crypto Times

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