PEPE’s 23% Hike Drive Fierce Accumulation: What’s Coming?

• Two whales bought a combined 560.2 billion PEPE after the price rose to $0.0000082.
• The RSI showed that PEPE was not overbought, indicating a further rise to $0.0000093.
• In the mid-term, PEPE’s price could rise to $0.000023 according to signals from the Fibonacci indicator.

After the price of Pepe (PEPE) rose to $0.00000826, Spot On Chain revealed that some large investors were buying more of the token. According to Spot On Chain’s post on X, one trader changed 3.67 million USDC and 300 WTAO (WrappedTAO) and bought 460.2 billion PEPE.

Another trade involved in the accumulation liquidated $1.12 million of his Shiba Inu (SHIB) holdings and bought 100 billion PEPE. 

More Profits on the Way?

However, this was not the only time the participants bought the meme coin. Previously, the first trader made $2.52 millio…

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