PEPE News: Whale Activity and Market Trends Amid Price Decline

Despite increased interest from cryptocurrency whales, PEPE's price continues to drop. A recent transaction involving 280 billion tokens by a new whale highlights renewed activity. Additionally, a 15% rise in active wallet addresses and an 18% increase in Open Interest suggest heightened market engagement. This article explores these developments and their implications for the future of the meme coin.

PEPE Price Drops Despite Increase in Whale Interest – What’s Next for Pepe Coin?

Despite cryptocurrency whales accumulating PEPE again, the price continues to decline. A recent transaction of 280 billion tokens by a new whale highlights renewed interest. Additionally, a 15% increase in active wallet addresses and an 18% rise in Open Interest indicate heightened market activity. This article delves into these developments surrounding PEPE and what they mean for the future of the meme coin.

Whales Accumulate PEPE

An analysis of recent on-chain data reveals an increase in PEPE accumulation by cryptocurrency whales, signaling renewed interest in the popular meme coin. For instance, a newly identified whale, '0x8f5,' withdrew 280 billion PEPE tokens worth $5 million from Binance. This significant transaction points to strategic positioning by large investors.

Pepe Coin (PEPE) Price Prediction For January 14

Pepe Coin (PEPE) is currently trading around $0.0000174, which is up by 9.10% in the last 24 hours. However, if we zoom out a bit, the past week has seen a decline of about 16%, and it’s down around 25% for the month. It’s been quite a rollercoaster for PEPE recently. Looking at its all-time highs and lows, PEPE hit its peak at $0.00002836 back on December 9, 2024, but it’s far from that level right now. On the flip side, it’s all-time low was just $0.00000060 back in September 2023, showing just how volatile this meme coin can be. In terms of market stats, PEPE has a market cap of roughly $7.17 billion, with a solid 24-hour trading volume of about $1.43 billion. But even though it’s performing well today, some analysts are projecting that PEPE could hit around $0.000116 by 2029, which would be a massive increase.