Can you imagine the market sharks, those investors who have more money than all of us combined, moving silently and accumulating a coin that many already deemed dead? Well, that is exactly what is happening with PEPE, the frog memecoin. 🐸
It turns out that, while the rest of the world looks the other way, the 100 heaviest addresses have increased their holdings by 1.5% this month. That’s like an army of whales preparing for war! 🐳 And not only that, a legendary trader, one of those who almost always gets it right, returned to action after being quiet for 5 months and bought tokens worth $2 million. Despite his portfolio being in the red, he keeps buying and buying, showing a confidence that is frightening. 🤯
Why is this important? Because the movement of these whales is not by chance. Although the price of PEPE rose by 10% in one day, the interesting thing is that this rally is not being driven by derivative traders (those who trade with leverage, risking money they do not have). This increase is being driven by the spot market, meaning by people who are buying the coin with their own real money to hold it. That gives a much stronger foundation to the movement. It's like building a house with bricks instead of popsicle sticks. 🏠
The full news says that PEPE is still in an "accumulation triangle," a technical term that basically means the coin is waiting for the perfect moment to explode. The market is watching to see if it breaks the barrier of $0.00001366 to unleash the madness and attract the riskier traders.
In summary: the big players are betting heavily on PEPE while the rest of the market is thinking it over. The question is, do they know something we don’t? Are we about to see a new memecoin boom or is it just a game for the big players that hasn’t ended yet? $PEPE
