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Smart Money Buys Over 142 Billion Pepe Tokens (PEPE): Details
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Lookonchain reveals details of this strategic purchase of PEPE coins
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A substantial Pepe (PEPE) token acquisition recently occurred. disclosed, attracting the attention of both investors and ardent followers of digital assets. The details of this major purchase were revealed via Lookonchain, a leading blockchain analytics platform, which provided insights into the transaction.
According to data from Lookonchain, a significant investment of 1.26 million USDC was made to acquire 142.96 billion PEPE tokens at a unit price of $0.000008831. Notably, this strategic move was part of a series of transactions orchestrated by a expert trader, colloquially referred to as “smart money.” The trader has placed trades on Pepe on multiple occasions over the past six months.
This acquisition, characterized by its volume and meticulous planning, underlines the growing interest in meme coins within the cryptocurrency market. The infusion of such demanding capital is poised to catalyze new momentum in Pepe’s price trajectory, which has already shown resilience and upward mobility.
PEPE price movements
At the time of reporting, Pepe is trading at $0.000009029, reflecting a substantial increase of 5.55% in the last 24 hours alone. Surprisingly, the token saw a notable increase of 30.42% over the previous seven days, further cementing its status as a profitable investment option.
The bullish sentiment surrounding Pepe is further strengthened by various technical indicators. For example, currently the Relative Strength Index (RSI) for PEPE is at 65.32, placing it in the neutral zone but signaling a propensity towards a bullish trend. Furthermore, Pepe’s trading position above the 200-day exponential moving average (EMA) highlights sustained bullish momentum in its price trajectory.
Overall, this substantial acquisition of Pepe tokens not only shows the growing importance of meme coins, but also highlights the growing sophistication of traders navigating this dynamic landscape. Strategic maneuvers like these are set to shape the future trajectory of digital assets like Pepe, exerting a profound influence on sentiment and market dynamics in the process.
About the author
Mushumir’s ass
With over three years of immersive experience in the cryptocurrency industry, Mushumir is an expert cryptocurrency writer dedicated to unraveling the intricacies of blockchain technology and decentralized finance. From analyzing the latest blockchain innovations to demystifying trading strategies, he brings a unique blend of technical intuition and communication style to the crypto space. Having written countless articles, analyzes and market reports, Mushumir has developed a distinctive voice that resonates with both seasoned investors and newcomers to the world of cryptocurrencies.