Here's the latest update on Pepe Coin (PEPE):
Recent Price Movement
Pepe's price has surged over 10% to trade at $0.0000090, mirroring a bullish wave in the wider cryptocurrency market. The token's uptrend steadies above the 50-day EMA support at $0.0000081, while bulls battle short-term resistance at $0.0000091
Whale Activity
- A whale recently purchased 500 billion PEPE tokens valued at approximately $4.36 million, bringing their total holdings to 2 trillion PEPE worth $17.42 million.
- Another whale investor bought $11.36 million worth of PEPE tokens over 13 hours, indicating growing interest in the token.
- A significant investor purchased 200.4 billion PEPE tokens for 3.72 million USDC after previously incurring a loss of approximately $1.45 million on PEPE investments
Market Trends
PEPE has emerged as a top meme coin in terms of community wealth, with 77,145 holders having balances exceeding $1,000. The token's price dynamics are influenced by whale activity, with potential for price fluctuations due to large transactions
Security Concerns
A PEPE holder recently lost $135,000 due to a malicious transaction, highlighting the importance of vigilance and caution when dealing with digital assets