Key Takeaways
- PEPE has jumped 30% in 48 hours, thanks to whale buys, exchange outflows, and bullish technicals. Traders are all in on long positions, hinting at a 22% rally to $0.000016. ๐๐
So, it turns out the crypto world isnโt just about Bitcoin and Ethereum anymore. In the past couple of days, the mood has shifted from “Is this a good idea?” to “Letโs do this!” ๐
And whoโs leading the charge? None other than Pepe [PEPE], the memecoin thatโs been making waves and gaining a lot of attention. ๐
Crypto Whale Buys 228 Billion PEPE
Despite the 30% surge, it seems like everyone, from whales to retail traders, is all about PEPE. Recently, Lookonchain, a blockchain-based transaction tracker, shared on X (formerly Twitter) that a whale wallet, 0x06b3, spent a cool $2.68 million to buy 227.8 billion PEPE. ๐ณ๐ฐ
This massive purchase happened just as Bitcoin was about to hit its all-time high. Coincidence? I think not. ๐ค
And itโs not just the whales. Exchanges have seen a significant outflow of PEPE, with over $9.80 million worth of the memecoin leaving exchanges in the past 48 hours. ๐โโ๏ธ๐จ
With all this movement and momentum, itโs like PEPE is the new kid on the block whoโs suddenly the most popular at the party. ๐
Current Price Momentum
At the time of writing, PEPE was trading at around $0.000001273, up 15% in the past 24 hours. Trading volume has also surged by 70%, which is a clear sign that people are really into this. ๐๐ฅ
This increase in both price and volume suggests that PEPE is on a roll and could keep the gains coming. ๐
PEPE Technical Analysis: 22% Rally Incoming?
According to AMBCryptoโs technical analysis, PEPE is in an uptrend and is looking to make some serious gains. The daily chart shows that PEPE has broken out of a descending trendline, a consolidation zone, and the 200-day Exponential Moving Average (EMA). ๐๐
PEPE has also printed three consecutive bullish green candles, which is a strong signal of upward momentum. If this trend continues, PEPE could climb another 22%, potentially reaching $0.000016. ๐๐ฐ
But, of course, thereโs always the possibility of a correction, with a retest of the breakout zone or the 200-day EMA. ๐คทโโ๏ธ
Tradersโ Strong Interest in Long Positions
Right now, the market sentiment is all about going long. Traders are heavily leveraged at the $0.00001246 level, with $2.61 million worth of long positions. At $0.00001296, thereโs another over-leveraged level with $1.65 million worth of short positions. ๐๐ฐ
This data suggests that the bulls are in control, and PEPE could keep its upward momentum. So, if youโre thinking about jumping on the PEPE train, now might be the time to grab a seat. ๐๐
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2025-07-11 20:11