Pepe

PEPE

<ul> 
 <li>The crypto market records a significant PEPE whale movement surpassing 1 trillion tokens in the last 24 hours.&nbsp;</li> 
 <li>PEPE has shown an increase of 75% in daily trading volume.</li> 
</ul> 
Pepe (PEPE), one of the most trending frog-themed memecoins recently, has shown a bullish run in the past 24 hours. Following this, the memecoin witnessed a huge whale movement in the early hours of Tuesday. The whale account identified as ‘0x837’ moved 700 billion PEPE, worth approximately $7.85 million, to the crypto exchange Binance.&nbsp; 
Reportedly, the whale purchased PEPE from Binance towards the end of May and currently holds 1.4 trillion tokens worth $16.60 million. The whale holds multiple Ethereum-based tokens that sum up to approximately $32 million. According to Arkham Intelligence <a href="https://platform.arkhamintelligence.com/explorer/address/0x83768992b44f9aFad68889CA59F36507fe00d8F7" target="_blank" rel="noreferrer noopener nofollow">data</a>, the account’s Pepe holdings ranked the highest in their portfolio.&nbsp; 
Notably, the memecoin also witnessed another significant whale movement in the past week. On June 18, a significant 1.15 trillion PEPE was <a href="https://thenewscrypto.com/will-pepes-15-rally-lead-to-a-breakout-or-a-downturn/" target="_blank" rel="noreferrer noopener">moved</a> from wallet address ‘0x344’ to Binance according to WhaleAlert’s reports. The recent whale movements of Pepe coin have raised speculations of a bullish rally.&nbsp; 
<h3 class="wp-block-heading" id="h-pepe-price-overview">PEPE Price Overview</h3> 
Pepe, at the time of writing, is trading at $0.00001167 with a 24-hour increase of 12.94%. The token after hitting its ATH of $0.00001198 in late May has shown a subsequent bearish turn.&nbsp; Following this, the token exhibited signs of price recovery after this bearish performance in the past month. Over the past week, it has shown an upward movement in price, recording a weekly performance of 10.25% according to CMC data.&nbsp; 
<div class="wp-block-image"> 
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 <img decoding="async" width="1024" height="481" src="https://thenewscrypto.com/wp-content/uploads/2024/06/PEPEUSDT_2024-06-25_12-05-10-1024x481.png" alt="" class="wp-image-101734" srcset="https://thenewscrypto.com/wp-content/uploads/2024/06/PEPEUSDT_2024-06-25_12-05-10-1024x481.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/06/PEPEUSDT_2024-06-25_12-05-10-300x141.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/06/PEPEUSDT_2024-06-25_12-05-10-768x360.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/06/PEPEUSDT_2024-06-25_12-05-10.png 1515w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 PEPE/USDT Daily Price Chart (Source: <a href="https://in.tradingview.com/symbols/PEPEUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
Moreover, Pepe’s short-term 9-day MA stands below the current trading price indicating the memecoin’s bullish trend. Furthermore, with a daily RSI of 47.74, the token is slowly inching toward a buy zone in the market according to TradingView <a href="https://in.tradingview.com/symbols/PEPEUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">data</a>. Additionally, the memecoin has exhibited a 77.09% increase in trading volume in the past 24 hours.&nbsp; 
According to market analysts, the memecoin is expected to experience upward price movements in the coming months. Inferring from TradingView charts, the memecoin is expected to face resistance at $0.00001226 in case of a continual bullish trend.&nbsp; 
However, if bears take over, the token might slide down to find support at $0.00001079. TheNewsCrypto analysts have <a href="https://thenewscrypto.com/pepe-pepe-price-prediction/" target="_blank" rel="noreferrer noopener">predicted</a> a bullish price of $0.00004965 for Pepe in 2024. With recent whale movements, the token has raised hopes for a second bullish rally in the market.&nbsp; 
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Pepe (PEPE) Whale Causes Waves as the Memecoin Shows Bullish Signs

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TheNewsCrypto

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