Pepe Coin ($PEPE) has recently experienced significant volatility on Binance, influenced by major trades and social media activity.
📉 Recent Price Movements
As of now, $PEPE is trading at approximately $0.00001130, reflecting a 12% decline over the past 24 hours. Despite this downturn, the coin has seen a 27% increase over the past month, indicating ongoing interest from traders.
🐋 Whale Activity
Significant whale transactions have impacted $PEPE's price:
A whale recently sold 44.3 billion $PEPE tokens on Binance, valued at around $6.17 million, securing a 111x return on investment.
Another large investor transferred 502.5 billion $PEPE tokens (approximately $6.47 million) to Binance, increasing selling pressure.
📈 Technical Analysis
Traders are closely monitoring key support and resistance levels:
Support Levels: $0.00001210, $0.00001250
Resistance Levels: $0.00001300, $0.00001327
A decisive move above $0.00001300 with strong trading volume could signal further gains, while failure to break this level might lead to renewed downward pressure.
📊 Market Sentiment
Despite recent declines, $PEPE maintains a strong community presence, with over 77,000 holders possessing balances exceeding $1,000. The coin's popularity is also bolstered by social media trends and endorsements from high-profile figures.
For real-time updates and community discussions, you can follow the #PEPE hashtag on Binance Square.
