Rally

Pepe

Optimism

Billion

Against the backdrop of a highly volatile price movement illustrated by Pepe coin in the past 24 hours, a smart money’s strategic move to accumulate colossal amounts of PEPE has propelled a flurry of optimistic thoughts on the frog-themed meme token’s price movements ahead. Already riding a bullish market trend with a nearly 20% weekly price rally, Pepecoin has set the stage for a storm of speculations, including the potential to reach the highly optimistic level of $0.00001 in the near future. 
With a multitude of bullish factors for Pepe coin looming on the crypto horizon, the frog-themed meme token reflects immense optimism and promises potential gains for investors. Here’s an in-depth report on these factors. 
<h2 id="pepe-accumulations-burgeon-injecting-optimism">PEPE Accumulations Burgeon Injecting Optimism</h2> 
Notably, per insights streamlined by Lookonchain, a blockchain analytics platform, a <a rel="nofollow" href="https://etherscan.io/address/0x2db3fb56e4dbc87d5a7fd14f140ab3c1bca85b06" target="_blank">PEPE</a> smart money was noted to be allocating 1.26 million USDC to buy a staggering 142.96 billion PEPE at the price of $0.000008831 today, May 6. This smart money, going by the address 0x2db3fb.., has nabbed significant attention with its accumulation as its trading record illustrates quirky investments, with an attention-grabbing 85.7% win rate, indicating a high success rate in its trading strategy. 
The smart address traded PEPE 7 times over the past six months, 6 of which were profitable. Jotting down gains worth $915K with past PEPE accumulations, today’s buying has further sparked an optimistic buzz surrounding the token’s future price movements. 
<img decoding="async" class="aligncenter wp-image-195406" src="https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Smart-Money.png" alt="Pepe Coin Smart Money" width="601" height="513" srcset="https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Smart-Money.png 1057w, https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Smart-Money-300x256.png 300w, https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Smart-Money-768x655.png 768w, https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Smart-Money-150x128.png 150w" sizes="(max-width: 601px) 100vw, 601px"> 
Meanwhile, numerous reports by CoinGape Media recently spotlighted a substantial increase in cryptocurrency <a href="https://coingape.com/5-crypto-whales-aggressively-accumulate-pepe-link-and-more/" target="_blank" rel="noopener">whales purchasing Pepe coin</a> as a part of their strategic investments. This, collectively, paves the road for a potential bullish rally for PEPE in the future, underscoring large-scale and strategic investors’ confidence in the asset’s promising prospects. 
Also Read: <a href="https://coingape.com/crypto-com-to-expand-f1-sporting-sponsorship-in-visibility-drive/" target="_blank" rel="noopener">Crypto.com To Expand F1 Sporting Sponsorship In Visibility Drive</a> 
<h2 id="pepe-price-rally-to-continue">PEPE Price Rally To Continue?</h2> 
As of writing, <a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener">PEPE’s price</a> has increased by 0.82% in the past 24 hours and currently stands at $0.000008565. Its 24-hour lows and highs are $0.000008285 and $0.000008817, respectively, with the token trading in both red and green territories over the past day. 
<img decoding="async" class="aligncenter wp-image-195407" src="https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Price-Chart-1.png" alt="Pepe Coin Price Chart" width="677" height="414" srcset="https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Price-Chart-1.png 937w, https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Price-Chart-1-300x183.png 300w, https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Price-Chart-1-768x470.png 768w, https://coingape.com/wp-content/uploads/2024/05/Pepe-Coin-Price-Chart-1-150x92.png 150w" sizes="(max-width: 677px) 100vw, 677px"> 
However, Coinglass data illustrated a 3.19% increase in the token’s open interest, reaching $94.28 million, adding to its optimistic stand. A recent <a href="https://coingape.com/markets/pepe-coin-price-analysis-will-pepe-hit-0-00001-coming-week/">analysis of PEPE’s price</a> movements by CoinGape Media further draws attention to the formation of an inverted head and shoulders pattern, a bullish pattern on the token’s chart. 
Collectively, this paves the road for PEPE to scale the highly optimistic level of $0.00001 ahead, although short-term volatility may be expected in tandem with broader market trends. Besides, it’s also worth adding that a <a href="https://coingape.com/markets/5-top-meme-coins-to-long-for-20-50x-returns-post-bitcoin-halving/" target="_blank" rel="noopener">post-BTC halving rally</a> is yet to kick in, with PEPE being one of the potential meme coins mimicking BTC’s price movements. 
Also Read: <a href="https://coingape.com/bitcoin-blockchain-processes-one-billionth-transaction-next-billion-coming-soon/" target="_blank" rel="noopener">Bitcoin Blockchain Processes One-Billionth Transaction, Next Billion Coming Soon</a> 
The post <a href="https://coingape.com/pepe-coin-smart-money-buys-143-bln-pepe-0-00001-on-the-horizon/">Pepe Coin: Smart Money Buys 143 Bln PEPE, $0.00001 On The Horizon?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Pepe Coin: Smart Money Buys 143 Bln PEPE, $0.00001 On The Horizon?

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