🔥#PEPE PEPE's astonishing turnaround! After losing $450,000, the giant whale reinvested 200 billion, causing a price surge of 62% to set a record!
Folks, the crypto world has exploded again! The PEPE, jokingly referred to as the "frog coin," dramatically reversed course today—within 24 hours, the price skyrocketed from $0.0000078 to $0.00001337, an increase of 62%, with trading volume surging to $1.74 billion! This operation directly made PEPE trend, even overshadowing Bitcoin's breakthrough of $100,000!
1. Giant whale's operation: After losing $450,000, he adds 200 billion more
To talk about the catalyst for this surge, it must start with the mysterious giant whale's "manipulation". 40 days ago, this big player withdrew 50 billion PEPE from Binance, worth $4.3 million at the time. By May 6, when he transferred the 50 billion PEPE back to Binance, it was only worth $3.85 million, losing $450,000 directly! Just when everyone thought he was going to cut his losses and exit, this guy made a "limit operation":
- May 8: First withdrew $4.35 million worth of PEPE from Binance, then withdrew 50 billion PEPE (about $4.36 million), bringing his total holding to 200 billion PEPE, worth $17.36 million at the time!
- May 9: This guy took action again, withdrawing 49.2 billion PEPE from Binance, worth $3.74 million, average price $0.00000756. Now the total value of the PEPE he holds has skyrocketed to $260 million!
This wave of "buy high, sell low" has left retail investors dumbfounded: Losing $450,000 is nothing? I reinvested 200 billion and directly made back five times! This operation would make even Wall Street fund managers shout 666!
2. Surge drivers: Retail frenzy vs institutional entry
The surge of PEPE is not coincidental; three major drivers directly ignited the market:
1. Bitcoin leads the charge
Bitcoin surpassed the $100,000 mark, directly lifting the entire altcoin market. Retail investors, seeing the bull market arriving, flocked into high-volatility meme coins, and PEPE, as the "traffic leader" of the crypto world, naturally became the top choice for funds.
2. Derivatives market crazily squeezes shorts
Binance data shows that the open contracts for PEPE have soared to $434 million, while the short liquidation amount has reached $1.45 million! Countless short-selling retail investors have been "violently liquidated," forced to buy back PEPE at high prices, directly pushing the price up.
3. Technical breakout bullish signal
From the candlestick chart, PEPE has broken through the descending wedge pattern, the MACD histogram continues to elongate, and the bulls have an absolute advantage. Even the William indicator shows "no overbought or oversold," the momentum for this surge is simply at its peak!
3. Risk alert: Three major reefs hidden behind the surge
Although PEPE is soaring now, seasoned investors know that the frenzy of meme coins often comes with bloody turmoil:
1. Giant whale's selling pressure looms large
While everyone is celebrating, on-chain data shows that a certain giant whale quietly sold 68.76 billion PEPE, profiting $427,000. Even scarier, multiple addresses transferred large amounts of PEPE to Binance, potentially triggering a selling wave at any moment.
2. Technical overbought warning
Although the MACD is bullish, the RSI has entered the overbought zone, which means the price could correct at any time. Historical data shows that PEPE surged 400% in March 2024, but then plummeted 90%, leaving countless retail investors with nothing.
3. Market sentiment can change at any moment
The value of meme coins relies entirely on community sentiment. Once Bitcoin corrects or negative news appears, PEPE could instantly go from "hot cake" to "hot potato."
4. Retail survival guide: Chase the rise or observe?
In the face of this crazy market, what should ordinary investors do? Remember these three points:
1. Don't exceed 5% of your position
Meme coins are extremely risky, so don't go all in! It's recommended to keep your PEPE holdings within 5% of total assets, while the rest can be allocated to mainstream coins like Bitcoin and Ethereum.
2. Set stop-loss lines
You can set the stop-loss line at 10% below the current price, for example, if the current price is $0.000013, decisively exit if it falls below $0.0000117 to avoid being deeply trapped.
3. Keep a close eye on on-chain data
Use on-chain tools (like EmberCN, Onchain Lens) to monitor giant whale movements in real-time. If you see a large transfer to Binance, prepare to escape immediately!
5. Conclusion: Where is the future of frog coins?
The surge of PEPE is essentially a result of market sentiment and capital games. It may continue to rise to $0.00002 or drop back to $0.000005 tomorrow. For ordinary investors, it's fine to watch the excitement, but don't get carried away. After all, in the crypto world, surviving is more important than making money!
A final reminder: If you can't even find the contract address for PEPE, or don't know if its community is on Discord or Telegram, then it's best to stay away. This wave of frog coin frenzy is destined to be a game for a select few!$PEPE
