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PEPE in Spotlight as Whale Accumulation Skyrockets
U.Today has learned that the cryptocurrency market is currently witnessing a massive surge in whale accumulation of PEPE, an up-and-coming meme coin. This sudden uptrend comes amid increased trading volume and deep liquidity provided by investors.
As seen on our charts, PEPE’s current Relative Strength Index (RSI) value has fallen to 38, indicating its extreme oversoldness. This provides a strong indication that the crypto market is preparing for a possible trend reversal.
Moreover, with almost $1 billion in trading volume per day, this cryptocurrency showcases deep liquidity and significant investor interest. This liquidity can now be leveraged to power key open interest from institutional traders who have been waiting on the sidelines for an opportunity to dive into this space.
The accumulation of PEPE by whales is a clear signal that these big players are positioning themselves for long-term growth prospects in this meme coin market, which has always been volatile and unpredictable.
Source: u.today
