🚨PEPE Coin Poised for Breakout as Whales Accumulate 🐸📈
PEPE is showing strong bullish momentum, trading around $0.0000273 after breaking out from a three-week consolidation phase. This surge is supported by significant whale activity, with large holders increasing their PEPE holdings by approximately $1.14 billion in a single day, indicating growing confidence in the token's potential.
On-chain data also reveals that whales have accumulated 9 trillion PEPE tokens within 24 hours, nearly triple the amount acquired the previous day. This aggressive accumulation suggests that large investors are positioning themselves for a potential price breakout.
Additionally, a notable whale opened a $27.53 million leveraged long position on PEPE with 10x leverage on the Hyperliquid network. Despite facing unrealized losses, the whale added $3.8 million in margin to maintain the position, reflecting strong conviction in PEPE's upward trajectory.
With both whale accumulation and leveraged positions indicating bullish sentiment, PEPE may be on the verge of a significant breakout. Stay tuned for further developments. 🚀📊
