PEPE Whales Are Going Crazy Buying, But Should Retail Investors Really Follow?
Key Data Overview
Whales have been crazily buying in the past week, with trading volume surging by 170%, pulling the price back 63% from the March low (current price $0.0000056)
Two Major Whale Moves:
A new address splurged $4.3 million to acquire 50 billion PEPE
An old whale added another $4.4 million, bringing total holdings close to 70 billion (about $6.11 million)
But the harsh reality: compared to the peak of $0.000028 last December, it's still down 80%, and high-position buyers are still struggling in the abyss
My Honest Opinion
Whales are pouring real money in, and the derivatives market is following suit
The technical side has temporarily stopped the decline, at least the blood loss from March has been made up
Retail investors haven’t moved at all: on-chain activity is lifeless, and social media heat is cooling down
It’s all leveraged investors playing with fire: futures are trading wildly, but there’s no one in the spot market to pick up the slack
The 200-day moving average ($0.0000065) is the lifeline—can’t break through? Wait to continue probing the bottom!
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