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Will Pepe continue to rise in the next 24 hours?
This is what the research says.
Recently, whales have been very active with PEPE Coin. According to the data, nine wallets, likely belonging to a single entity, have spent $13.8 million in the stablecoin DAI to acquire around 555 billion PEPE coins.
However, despite this large investment, the price of PEPE has fallen 18% in the last day.
Additionally, it has been observed that whales are rotating their portfolios towards other tokens, which has contributed to the decline in the price of PEPE.
Despite this, some whales have increased their holdings of PEPE by $1.4 billion recently, suggesting that there is still interest in the token.
In summary, although there have been significant movements by whales, the price of PEPE has experienced volatility and a downward trend in recent days.
Sources.$PEPE