Crypto analysis firm LookOnChain says that a PEPE whale has deposited 700 billion coins worth $7.8 million to Binance. The whale wallet currently has 800 billion coins left, worth $9.23 million. LookOnChain notes that the whale has a total loss of $3.5 million.
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The whale may have transferred the assets to Binance after PEPE took a substantial hit over the last few days. The market dip followed Bitcoin (BTC) briefly falling below $60,000 on Monday. BTC has regained the $61,000 level today, leading to a slight market rebound.
Memecoins seem to be reversing the trend right now. Pepe has rallied 10.4% in the last 24 hours and by 9.5% in the weekly charts. dogwifhat (WIF) is up by 22.8% in the daily charts, and Bonk (BONK) is up by 16.2% in the same time frame. With major cryptocurrencies in a slump, traders may be opting for memecoins, leading to a surge in prices.
Also Read: Cryptocurrency: Top 3 Coins To Buy During The Dip
According to the researchers at CoinCodex, PEPE will break into a rally over the next few weeks. The platform predicts the asset to hit $0.00001560 on June 30, 2024. CoinCodex analysts also anticipate the asset to hit a new all-time high by the first week of July and continue its rally to $0.00003791 by July 22, 2024.
Changelly also paints a similar picture for PEPE, predicting the asset to hit $0.00001506 on June 30, 2024. Changelly, however, does not anticipate the memecoin to hit a new all-time high anytime soon.
If BTC reverses its trend and breaks into a rally, PEPE’s price may receive additional support. BTC may hit the $86,000 mark as the price of mining one BTC recently surpassed that level. Analyst Ali Martinez says that BTC’s price usually crosses the cost of mining one BTC.
Crypto analysis firm LookOnChain says that a PEPE whale has deposited 700 billion coins worth $7.8 million to Binance. The whale wallet currently has 800 billion coins left, worth $9.23 million. LookOnChain notes that the whale has a total loss of $3.5 million.
Also Read: Cryptocurrency: Top 3 Coins To Watch This Week
The whale may have transferred the assets to Binance after PEPE took a substantial hit over the last few days. The market dip followed Bitcoin (BTC) briefly falling below $60,000 on Monday. BTC has regained the $61,000 level today, leading to a slight market rebound.
Memecoins seem to be reversing the trend right now. Pepe has rallied 10.4% in the last 24 hours and by 9.5% in the weekly charts. dogwifhat (WIF) is up by 22.8% in the daily charts, and Bonk (BONK) is up by 16.2% in the same time frame. With major cryptocurrencies in a slump, traders may be opting for memecoins, leading to a surge in prices.
Also Read: Cryptocurrency: Top 3 Coins To Buy During The Dip
According to the researchers at CoinCodex, PEPE will break into a rally over the next few weeks. The platform predicts the asset to hit $0.00001560 on June 30, 2024. CoinCodex analysts also anticipate the asset to hit a new all-time high by the first week of July and continue its rally to $0.00003791 by July 22, 2024.
Changelly also paints a similar picture for PEPE, predicting the asset to hit $0.00001506 on June 30, 2024. Changelly, however, does not anticipate the memecoin to hit a new all-time high anytime soon.
If BTC reverses its trend and breaks into a rally, PEPE’s price may receive additional support. BTC may hit the $86,000 mark as the price of mining one BTC recently surpassed that level. Analyst Ali Martinez says that BTC’s price usually crosses the cost of mining one BTC.