Bittime - Ethereum memecoin, $PEPE, experienced a tremendous surge, reaching an all-time high of $0.00001127 (approximately Rp0.17) today with a market capitalization surpassing $4.5 billion (approximately Rp65.7 trillion).
The surge marks a significant gain of more than 11% in a day and 32% in the last seven days, making $PEPE the second-largest memecoin in the market.
Whale Accumulation Causes PEPE Price to Increase
According to data from Spotonchain, whales have been active in the $PEPE market, accumulating profits after the coin's impressive performance. One of the early holders, identified as 0x647, recently deposited 250 billion $PEPE tokens, equivalent to $2.69 million (approximately Rp39.3 billion) into Binance.
Despite making large deposits, the whale still holds 42.4 billion $PEPE tokens, with total profits reaching $3.96 million (approximately Rp57.8 billion), marking an incredible increase of 8,833%.
Other Whale Activities
In addition, another whale known as 0xa4f exchanged 123.7 billion $PEPE tokens for 1.31 million $USDC, realizing a profit of $223,000, which is an increase of 20.5% in just three days. The activity of these whales shows how significant profits can be made from the ingenious and timely trade in memecoins.
Check the Crypto Market Today:
Other Memecoin Accumulation Trends
In addition to $PEPE, on-chain data also shows that smart traders are actively accumulating $PEPE and other memecoins, $FLOKI, in the last 24 hours. DWF Labs withdrew 2 billion $FLOKI tokens, worth $394,000, from Binance, marking their first activity with $FLOKI in over a year.
Furthermore, smart traders 0x37d withdrew 407.74 billion $PEPE tokens, worth $4.2 million (approximately Rp61.4 billion), from Binance in their third trade.
This trader has earned a profit of $292,000 (approximately Rp4.3 billion), marking an increase of 6.95%. Overall, the whale has accumulated a total profit of $3.59 million (approximately Rp52.5 billion), marking a remarkable increase of 100% from the previous $PEPE trade.
How to Buy Crypto:
PEPE analysis from Ali Martinez
Observations from CoinEcho and technical analysis by prominent cryptocurrency traders such as Ali Martinez, suggest that $PEPE may be forming a "bull flag" pattern on the daily chart. This pattern is often a technical indicator that indicates a potential price spike in the near future.
Martinez revealed his plan to place a buy order around $0.000018343 (around Rp0.27), hoping for a bullish breakout that could send the price $PEPE to $0.000072323 (around Rp1.06). "Shiba Inu seems to form a bull flag on the daily chart! I will place a buy order around $0.000018343, eyeing a bullish breakout that will send $SHIB to $0.000072323," Martinez wrote on Twitter.
Conclusion
With a significant price surge and high trading activity around $PEPE, this memecoin shows great potential in the cryptocurrency market. The integration of blockchain technology and the adoption of memecoins in everyday transactions by platforms like CoinGate further strengthens $PEPE position as an attractive investment tool.
Check Crypto Price Today:
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the Complete Guide on How to Buy Crypto on Bittime.
Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
GME, Memecoin Solana Parody GameStop, Reaches $100 Million Market Cap
Bitcoin ETF ARKB Records $133 Million Daily Inflow, GBTC Passes By!
GME and ACM Meme Coin: A Trader Doubled Profits in 2 Days!
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.