Pepe Price Prediction: Massive Accumulation Spotted During 5% Crash – Reversal Incoming?
Main Idea
Despite a recent price drop, PEPE is seeing significant accumulation by whales, with potential for a bullish rebound. Meanwhile, Best Wallet (BEST) is gaining attention as a promising crypto wallet with plans for expansion.
Key Points
1. PEPE has dropped nearly 5% in the past 7 days, but whales have increased their holdings by 2.8% in the last 30 days, now holding 306 trillion tokens (over 70% of circulating supply).
2. Meme coins overall have gained 38.7% in the past 30 days despite a mild pullback.
3. PEPE's RSI is at 34.60 (oversold territory), suggesting a potential rebound if it dips further to $0.00001100, with targets at $0.00002000 and $0.00002836.
4. Best Wallet (BEST) has raised $14M, supports 60+ blockchains, and plans to launch a decentralized exchange and crypto debit card, with its token priced at $0.025385 in presale.
Description
Pepe (PEPE) has dropped by nearly 5% in the past 7 days but deep-pocketed investors (a.k.a. whales) have been accumulating tokens, favoring a bullish Pepe price prediction. Data from Nansen indicates that the top 100 addresses that hold PEPE have increased their holdings by 2.8% in the past 30 days despite the drop and currently sit on 306 trillion PEPE tokens. This figure accounts for more than 70% of the asset’s circulating supply, emphasizing how heavily concentrated PEPE’s token distribution...
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