Pepe

PEPE

In this ongoing bearish market sentiment, top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE), have experienced massive declines in their value. Amid this downturn across the cryptocurrency market, a Pepe Whale wallet address, 0x837, recently sold a massive 700 billion PEPE tokens worth $7.8 million to Binance as the price saw some recovery, according to Lookonchain. Whale sold 700 billion PEPE token 
The on-chain analytics firmLookonchain also highlighted that, after this massive sale, the PEPE whale still holds a notable 800 billion PEPE tokens worth $9.23 million. However, the buying price of these massive PEPE tokens is higher than the current price, resulting in a total loss of around $3.5 million for the whale. 
Following this massive PEPE dump in the market, there was no selling pressure observed. Instead, the PEPE price soared by 11% and is currently near $0.0000116. Over the last 7 days, with this recent price surge, PEPE experienced a 12% price jump. However, in the last 30 days, the PEPE price is still down by 21%.
The 24-hour volume also indicates strong investor and trader interest in PEPE, having surged 77% to stand near $1 billion. On the other hand, the open interest (OI) of PEPE has increased by 20%, indicating bullish upside momentum and growing confidence among traders and investors in PEPE. This increase in OI suggests that more traders are opening new positions in PEPE, which could lead to further price movements in the future. PEPE technical analysis and key levels&nbsp; 
Besides PEPE’s impressive price surge, the market is recovering, especially within the <a href="https://news.todayq.com/dogwifhat-wif-jumps-7-while-top-meme-crypto-prints-red/" rel="noopener noreferrer nofollow">crypto meme industry</a>. Top tokens like Dogecoin (DOGE), Shiba Inu (SHIB), DogeWifHat (WIF), and Floki (FLOKI) experienced price surges of 3%, 2%, 23%, and 13% respectively in the last 24 hours. This recovery in meme coins could signal renewed interest and speculative activity in the broader cryptocurrency market, potentially leading to increased volatility and trading opportunities.
According to expert technical analysis, PEPE is looking bullish at its current level as it is moving above the 50 and 200 Exponential Moving Averages (EMA) on a daily time frame. If PEPE gives a strong daily candle closing above $0.0000126, we may see a massive price surge of up to 15%, potentially hitting the $0.0000144 level in the coming days.

Warning for PEPE holders!! This whale just dumped 700B Pepe

Todayq News

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