PEPE Coin Soars Driven by Big Investor Buying Action

Bittime - The volatile cryptocurrency market saw another substantial rally in March, especially in altcoins.

Some altcoins have even seen their value increase more than fivefold in just six days.

Fluctuations like this are common in the crypto world , with rapid price movements that can take investors by surprise. This also happens with PEPE coin.

Wholesale Action of "Whales" Pushes the Price of PEPE Coin

One coin that stands out is PEPE Coin . The significant increase in price was associated with massive buying actions from large-scale investors, commonly called " whales ". 

Within ten days, these investors had purchased 48 trillion PEPE, representing a significant portion of the total trading volume of $385 million.

Also Read: Ondo Finance (ONDO) Price Prediction, Will It Rise? Check out the analysis here

This purchase played a key role in the meme coin's price spike by 506% to $0.00000820, marking the second highest price on record after its listing on the Binance exchange.

PEPE Coin's price increase also reflects a broader trend where 37% of the circulating supply is currently held by short-term speculators.

These investors, known for their fast trading strategies, point to the existence of strong speculative demand in the market in addition to Bitcoin's own rapid rise.

Check Today's Crypto Market:

Uncertain Future: Price Stability Questioned

Despite its recent rally, PEPE Coin's viability remains in question.

Given its reliance on short-term holders, whose ownership is less than a month, the potential for a massive sell-off is real.

If these investors decide to take profits, the re-entry of 48 trillion PEPE could push the price downwards.

Also Read: Pepe Coin Price Soars, Traders Make Big Profits

Technically, PEPE Coin price may undergo further adjustments, potentially retesting lower support levels.

Trading indicators like ADX and MACD currently show optimism for continued growth, but only if the coin manages to build strong support at higher price points.

If the selling action increases, the PEPE value could experience a significant decline again. On the other hand, the formation of strong support can maintain the price increase.

Also Read How to Buy Crypto:

Should You Choose PEPE Coin?

PEPE Coin is one of the cryptocurrencies that has experienced a surge in value in recent times.

This spike could be caused by several factors, including increased investor interest, increased adoption of blockchain technology, or positive news related to the project.

One factor that may have led to the surge in PEPE Coin's value is its increasing adoption by investors.

More people are interested in investing in these cryptocurrencies, which could increase demand and ultimately push prices up.

Additionally, positive news about the PEPE Coin project may also influence the price. For example, announcements about new partnerships, new technology developments, or success in achieving project goals can increase investor confidence and lead to price increases.

However, keep in mind that the crypto market is highly volatile and values ​​can change quickly.

Therefore, it is important to conduct careful research before investing in any cryptocurrency and to understand that there are risks involved in trading crypto.

Please remember that this information is only general in nature and is not financial advice. Always do your own research and consider the risks carefully before making an investment decision.

How to Buy Pepe (PEPE) on Bittime

You can buy and sell Pepe (PEPE) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Pepe (PEPE) is available on Bittime with the market pair PEPE/IDR . To be able to buy PEPE IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Pepe (PEPE) on Bittime . 

Monitor the price chart movements of Pepe (PEPE) , Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.