Dormant PEPE Whale Awakens, Moves 2.1 Trillion Tokens Worth $52 Million

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,709,692,184,694	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,709,692,184,694

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-4,039.70	-4.49%	85,892.90	85,892.89	85,892.90

Price Change

Price Change %

Current Price

Bid Price

Offer

-4,039.70

-4.49%

85,892.90

85,892.89

85,892.90

High Price	Low Price	Open Price	Prev. Close	52 Week Range
91,280.00	84,608.27	89,985.78	89,932.60	49,050.01 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

91,280.00

84,608.27

89,985.78

89,932.60

49,050.01 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:10:04	0.004790	85,892.90	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:10:04

0.004790

85,892.90

USD

Price x Volume	Volume	Base Symbol	Related Pairs
4,019,493,777.73	45,281.41	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

4,019,493,777.73

45,281.41

Dormant PEPE Whale Awakens, Moves 2.1 Trillion Tokens Worth $52 Million

18/12/2024 4:30pm

NEWSBTC

On December 14, 2024, a dormant whale wallet made ripples in the cryptocurrency market by transferring 2.1 trillion PEPE tokens worth over $52 million. This large transfer, which occurred after 600 days of inactivity, has spurred excitement and speculation about a possible price increase for the popular meme coin. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report Analysts are keenly tracking PEPE’s moves, anticipating a probable rebound that might take its value to $0.00005 or higher. Whale Activity Indicates Potential Surge The current whale behavior is notable in the cryptocurrency market because massive transfers can reflect trust in an asset or predict future price swings. Historically, similar fluctuations have preceded large price hikes. The whale that executed this transfer originally purchased the tokens for 0.0135 ETH (about $27), resulting in an amazing return on investment of roughly 1.9 million percent. A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address. This whale initially only spent 0.0135 $ETH($27) to buy 2.1T $PEPE and has held it until now. From $27 to $52M—an extraordinary 1,900,000x return!https://t.co/Et442zxUGk pic.twitter.com/35sp0Iu46E — Lookonchain (@lookonchain) December 14, 2024 Experts predict that if PEPE can break through the immediate resistance level of $0.00002810, it will rapidly ascend to $0.000036. Technical figures support the positive vibe. Currently at $0.00002442, the 10-Day Moving Average shows short-term resistance; the 50-Day Moving Average indicates major support. Moreover, the Relative Strength Index (RSI) comes out to be 54.4, suggesting neutral momentum with possibility for more development. The MACD also shows some positive activity, which supports the idea that a price increase is just around the bend. Healthy Crypto Market The cryptocurrency market as a whole is getting better, and this rise in whale activity is happening at the same time. This is especially true as Ethereum (ETH) gets closer to $4,000. In the past, other cryptocurrencies, even meme coins like PEPE, have grown along with ETH. Analysts are making comparisons to earlier this year, when similar whale moves happened before PEPE’s price went up. PEPE Price Set For Big Upside Analysts believe that if PEPE maintains its pace and breaks important resistance levels, it might reach values as high as $0.000058, or possibly $0.0001 in favorable market conditions. However, meeting such lofty goals will need ongoing investor interest and larger market trends. Related Reading: New ATH: Bitcoin Tops $106K—Is FOMO And Strategic Reserve The Game-Changer? Although PEPE’s potential for increase excites investors, before making any financial decisions, they should be careful and do thorough study. Anyone who wants to engage in this volatile industry has to be abreast on market dynamics and trends since the ecosystem of cryptocurrencies changes fast. Featured image from DALL-E, chart from TradingView

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