Crypto News– A notable whale has been actively accumulating trillions of Pepe (PEPE) tokens since August of this year. As revealed in an X post shared today by the on-chain analytics platform, Lookonchain, this well-known whale acquired 1.04 trillion PEPE tokens last month.
September 29 PEPE Price Target: Could Aim for 0.0000009809 Dollars After Notable Whale Investment
In the last 24 hours of trading, PEPE experienced a low price point of approximately $0.0000007105. Lookonchain’s data suggests that this whale may have seized the opportunity presented by the discounted price of the meme coin and invested 390 Ethereum (ETH) to acquire more PEPE tokens just a few hours ago.
It is highly plausible that this substantial whale purchase has contributed to PEPE’s price surge over the past 24 hours. According to CoinMarketCap, PEPE witnessed a price increase of over 9% during the past day. As a result, PEPE was trading at $0.0000008054 at the time of this report, just slightly below its peak price of $0.0000008097.
The 24-hour trading volume of the meme token also saw a modest uptick of more than 2%, reaching approximately $88.79 million. Furthermore, PEPE’s impressive performance over the past 24 hours has significantly bolstered its weekly performance, registering a surge of more than 30%.
It is worth noting, however, that over the past month, PEPE’s value experienced a decline of 9.09%. After reaching its all-time high of $0.000004354 in May of this year, PEPE’s price has undergone a substantial correction, dropping by over 81% to its current price.
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