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Whale Alert: Analyst Flags Continued PEPE Accumulation
In a remarkable turn of events, a prominent crypto analyst has issued a stark warning to the market, highlighting a crucial development in the cryptocurrency space. According to the analyst’s findings, four crypto whales have collectively acquired over 2.397 trillion PEPE tokens.
This significant accumulation signals a renewed bullish momentum for the asset, despite a recent price retracement that saw PEPE plummet by nearly half from its all-time high of $0.00002836. Notably, the token has since rebounded, gaining 22.5% to reach $0.00001763 at the time of writing.
A crypto market observer on X identified multiple large acquisitions, indicating a resurgence of bullish sentiment for PEPE, the frog-themed meme coin. The analyst stressed that such significant transactions by major players underscore their growing confidence in the asset’s ability to recover and maintain momentum.
In further analysis, it is evident that one particular whale has established an impressive track record with an 85% winning rate. This notable investor made a substantial purchase of PEPE tokens, emphasizing their commitment to the asset’s future prospects.
It is crucial for investors and traders alike to pay attention to this development as it underscores the potential of PEPE as a leading cryptocurrency in the current market cycle.
Source: cryptonewsland.com
