🐸Pepe Coin price rose for the second consecutive day on July 16, with ongoing whale accumulation and a golden cross pattern pointing to a potential bullish breakout.
On-chain metrics suggest further gains for Pepe during this crypto bull run. According to Nansen, whales have increased their holdings by 11.8% over the past 30 days to over 9.19 trillion coins, up from 8.18 trillion on June 18.
Whale accumulation is widely viewed as one of the most bullish signals in crypto, as these investors are often considered more sophisticated.
Similarly, smart money investors have increased their positions to 185 billion coins from 183.8 billion a month ago. At the same time, exchange balances for Pepe have dropped to 250 trillion, down from 258 trillion last month.#INDIANstock
