Crypto Whales Move, PEPE Coin Becomes the Favorite!

Bittime - Whale Crypto (crypto investors with large holdings) is currently eyeing the PEPE meme token. These investors poured in fantastic funds worth more than $8 million US dollars amidst the price correction!

Whale garbage Crypto is attracted to PEPE Coin

Transaction data on the blockchain shows that a massive buying spree of PEPE tokens by crypto whales occurred at the end of last week. To be precise, on June 7, a wallet linked to investment company Nascent was recorded purchasing 447.67 billion PEPE tokens worth around $5.5 million US dollars from Binance.

This purchase immediately made PEPE the top asset in Nascent's portfolio, displacing Maker (MKR) and Tether USD (USDT) which were valued at $2.98 million US dollars and $973,557 US dollars respectively.

Not only that, other significant purchasing activity occurred on June 8. An anonymous whale is known to have bought 231.64 billion PEPE tokens worth around $2.9 million US dollars from Kraken.

According to Lookonchain, this purchase is part of the whale's gradual accumulation which has accumulated a total of 750.34 billion PEPE tokens since March 16. The total value of these purchases reached $8.34 million US dollars with an average price of $0.00001111 US dollars per token.

Looking at PEPE Coin Price Movements

This massive purchase occurred in the middle of the PEPE price consolidation phase. Previously, this token experienced a significant spike at the end of May. This increase was driven by increased interest in meme tokens, which was also fueled by the return of financial analyst The Roaring Kitty.

PEPE touched its highest record in its history at $0.00001717 US dollars on May 27 before then consolidating in the range of $0.00001490 US dollars to $0.00001340 US dollars.

However, on June 7, the price of PEPE began to decline to the level of $0.00001277 US dollars and briefly touched its lowest point at $0.00001198 US dollars. This decline was caused by PEPE's inability to maintain the support level at $0.00001369 US dollars.

Currently, PEPE is at a strong support level around $0.00001237 US dollars, and its future price movement will largely depend on its ability to trade above or below this level.

Despite experiencing price volatility, PEPE was recorded to have grown by 44.2% over the past month and is now trading at $0.00001246 US dollars.

Opportunities and Tips for PEPE Coin Investors

The massive buying activity by crypto whales during the PEPE price correction indicates strong interest and potential future price increases. Investors need to pay attention to the current support level to predict PEPE price movements.

Additionally, it is important to monitor large crypto wallet activity (on-chain data) to get the latest information regarding investor movements. Despite experiencing price volatility, PEPE showed substantial growth over the past month.

So, it can be concluded that the massive buying up of PEPE tokens by crypto whales amidst the price correction is a strong signal of their interest in this asset and its potential to generate profits in the future.

Investors interested in PEPE need to pay close attention to support levels and monitor crypto wallet activity data to make the right investment decisions.

How To Buy Pepe (PEPE) With Bittime

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

To be able to buy PEPE tokens on 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.

Learn How to Buy Pepe (PEPE) on Bittime.

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