news 
PEPE whales scoop up 14.5T tokens in one day: Impact on price?
Over the past day, Pepe has seen a massive surge of 11.92% as its price reached $0.00000817 for the first time in three weeks. This sudden uptick in value can be attributed to the aggressive accumulation by PEPE whales.
According to recent data from IntoTheBlock, large holders’ inflow has spiked by an astonishing 419%, rising from 2.8 trillion to a staggering 14.55 trillion tokens. This massive influx of capital is indicative of the market’s sentiment, as it suggests that whales are expecting prices to rise further. As such, this bullish signal for retailers and speculative buyers.
Moreover, large holders’ netflow has also seen a substantial surge from -105 billion to an impressive 8.22 trillion Pepe tokens over the past day. This positive netflow implies that there’s more capital inflow than outflow, which further reinforces their conviction in the market. Such a shift in sentiment among major entities serves as a strong indicator of the direction the market is headed.
With whales accumulating such an enormous amount of tokens in a single day, it is likely that the price charts will reflect this buying pressure. As a result, I predict that PEPE could attempt to move towards $0.000090 in the near future if the prevailing market conditions hold.
However, it’s also possible that short-term holders may take profits from their holdings, causing a retracement back down to $0.0000074.
Source: https://ambcrypto.com/pepe-whales-scoop-up-14-5t-tokens-in-one-day-impact-on-price/
