Whale Buys 231 Billion Tokens, PEPE Price Soars 5%!

Bittime - PEPE Price jumped 5% in the last 24 hours after a whale bought up a fantastic amount of PEPE, 231 billion tokens. This buying action occurred when the price of PEPE fell.

So, the whale sees it as an opportunity to buy PEPE at a lower price.

PEPE Price Tempting for Crypto Whales?

According to data from crypto analysis platform Lookonchain, a crypto whale bought 231.6 billion PEPE tokens in about 24 hours. This massive purchase is worth around IDR 4.66 billion (equivalent to $2.9 million) and further strengthens the whale's ownership of this meme token.

Lookonchain data also shows that these whales are not new players when it comes to PEPE accumulation. Since at least March 16, this whale has collected a total of 750.34 billion PEPE tokens worth IDR 133.4 billion (equivalent to $8.34 million) from Kraken at an average price of IDR 0.18 (equivalent to $0.00001111).

The whale's decision to buy PEPE at this time is unique. The reason is, many investors have the potential to sell this token because PEPE has just reached its highest point in history (ATH) at a price of IDR 0.28 (equivalent to $0.00001718).

However, currently the price of PEPE has been corrected by 26.38% to IDR 0.0002 (equivalent to $0.00001262).

One of the main explanations behind the whale's buying action is the strong belief in PEPE's future growth potential.

Even though memecoins like PEPE have experienced fantastic price increases during the current bull run, market analysts are optimistic that there is still plenty of room for growth in alternative tokens (altcoins) which are known for their ability to exceed overall market performance.

In the last week, PEPE prices fell 9.64%, creating the right momentum for whales to enter the market and make long-term investments. PEPE itself is predicted to be the leading candidate among memecoins to test their ATH level again in the near future.

Optimism Covers the Memecoin Market

Not only PEPE, the memecoin ecosystem as a whole is also growing rapidly. Memecoin's market capitalization currently reaches IDR 940 trillion (equivalent to $58,794,310,811) and has increased by 1.95% in the last 24 hours.

This increase was triggered by an increase in the price of Dogecoin (DOGE) by 0.6% to IDR 2.33 (equivalent to $0.1477), an increase in the price of PEPE by 1.82% to IDR 0.0002 (equivalent to $0.00001268), and an increase in the price of dogwifhat (WIF) by 0.77% to IDR 44 thousand (equivalent to $2,769).

One of the important achievements in the memecoin ecosystem is the increase in the number of FLOKI holders on the BNB Chain network which exceeded 417,000. Unique innovations such as Shibarium for Shiba Inu and TokenFi for Floki are also driving demand for these tokens.

Even though PEPE does not yet have similar innovations, the very dedicated PEPE community has a strong ambition to surpass SHIB and DOGE in the long term.

Price movements and massive accumulation by crypto whales are a positive signal for PEPE's future. What next? Let's just wait for the next interesting developments from the crypto world.

How to Buy Pepe (PEPE) on Bittime

You can buy and sell Pepe (PEPE) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

Pepe (PEPE) available on Bittime with market pair BABY/IDR. To be able to buy BABY IDR Of Bittime Make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Study Complete guide on how to buy Pepe (PEPE) on Bittime.

Monitor graphic movement price Pepe (PEPE), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.