PEPE Profits: Ride the Wave with Profit-Seeking Whales!admin, · Kategorien: Allgemein
• A Pepe whale recently made a substantial withdrawal from Binance of 2 trillion PEPE tokens, valued at approximately $3 million.
• Previous withdrawals resulted in a profit of around $600,000, and coincided with a positive price trend.
• The token faced a downtrend, with a considerable loss of over 9% already recorded.
Pepe Whale Makes Money Move
A Pepe whale recently made a substantial withdrawal from Binance. According to the data from the tracking site, the whale withdrew 2 trillion PEPE tokens, valued at approximately $3 million. Additionally, the post mentioned that this same whale had previously withdrawn 3.94 trillion PEPE tokens, worth $6.46 million at that specific time, on two occasions – once on 27 June and then again on 5 July. Moreover, the whale deposited 3.94 trillion PEPE tokens, valued at $7.06 million at that time, on 14 July, resulting in a profit of around $600,000.
Positive Price Trend
On 23 July, the recent whale move proved profitable as per daily timeframe chart of the PEPE token which displayed a price surge that day with closing trading session with gain of over 1%. Similarly on 27 June asset had noteworthy increase in value closing trading session with significant 6.6% rise while only exception to overall profit taking trend was observed on 5 July when price experienced decrease of over 2.9%.
Volume Trend Spikes and Falls
As these whale transactions were taking place overall volume of PEPE tokens remained relatively low as indicated by Santiment chart however there was one significant spike in volume observed on 20 July when it surged beyond usual range 70 thousand mark whereas next day witnessed fall below 10 thousand mark again before remaining steady for rest part till 28th July when it fell back below 10 thousand mark yet again .
Pepe Loses Momentum
PEPE appears to have lost momentum in both price and hype but its whales have still been actively profiting as evident from its Relative Strength Index (RSI). As of writing token faced downtrend with considerable loss of over 9% already recorded pushing it into bear trend further indicating lacklustre market performance by asset .
Despite losing momentum not all investors have given up hope on Pepe as some are still seeking profits amidst price fluctuations as seen through mysterious volume spikes hinting towards heightened activity within dynamic ecosystem .