Is the currency $PEPE on its way to one dollar? The accumulation of whales of 650 billion coins raises big questions.
Whales are moving strongly again, and this time it’s all about the PEPE coin. Over the past month, they have accumulated more than 650 billion tokens, bringing the total portfolio of the top 100 wallets to 306 trillion PEPE coins. This is not fear of missing out among retail traders, but a strategic positioning.
Add to that the Coinbase listing and a 56% increase in just one week, and you can feel a shift in momentum. It is no longer just media hype; whales are treating it as a serious investment currency.
Price predictions with whale support
Short term (one to three months): Reaching the range of $0.00002 - $0.00003 seems realistic if whales continue to absorb the supply. Medium term (6-12 months): With ongoing support, the price of PEPE may head towards $0.0001 - $0.0002.
Long term (multi-years): Forget the dream of one US dollar. Based on token supply and realistic market value, $0.0005 represents the maximum. However, this is a huge increase compared to today’s price.
My opinion
The price of one US dollar is a great way to grab attention, but mathematical calculations quickly squash this dream. With trillions of tokens trading, the market cap required will shatter the history of cryptocurrencies.
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