$PEPE
🚨 PEPE Price May Respond to Whale buy up 🚨
According to data from Lookonchain, a dormant whale has come back to life after 2 years. Upon waking up, the whale created a new wallet from which it withdrew a total of 1.79 trillion PEPE from Binance Exchange.
Valued at more than $22 million, this buyup has positioned the token for a liquidity crunch in the open market. According to an analysis of the whale’s wallet, there has been no prior exposure to the frog-themed memecoin, fueling the speculations around the surprising acquisition.
PEPE whale transactions have grown remarkably over the past week as the coin showed the biggest sign of breakout. PEPE price at the moment is not yet reflecting this reality. At the time of writing, the token was changing hands for $0.00001246, down by 8.64% in 24 hours.
The PEPE/USDT daily chart has hinted as sustained volatility for the memecoin moving forward. With a Relative Strength Index (RSI) of 63.23, the token is just shy of its oversold level.
The dilation on the Bollinger Bands is the largest recorded since at least January 31. With this setup, volatility remains at play and can make or mar the direction of the token.
