šThe volatile crypto market is at a critical juncture. Whale activity is a double-edged sword, with the potential to ignite a price rally or set the stage for a market correction.
The largest assets, Bitcoin and Ethereum, have been consolidating. A break above the next crucial resistance could trigger a bull rally, while rejection signals a bear trap.
The on-chain data reveals the whales amassing PEPE and WIF and the large crypto investorās accumulation signals potential bullish sentiment. Notably, three whale transactions were recorded, withdrawing substantial amounts of PEPE and WIF from Binance.
A whale, ā0xf37ā, made its first-ever accumulation of 375.35 billion PEPE worth $3.73 million. Another whale āA3kTTā, dormant for two years, reappeared to withdraw 6.5 million WIF valued at $5.19 million. Finally, the whale ā4x3M8ā, withdrew 9 million WIF estimated at $7.42 million despite incurring a $1.35 million loss from the first trade.
Meanwhile, the meme market cap is settled at $79.1 billion, with the assets priced in red. Could breaking through nearby resistance levels ignite a rapid surge in meme coins?#WIF #PEPEā #BTCNextATH?