In the past 24 hours, smart DEX traders have shown renewed interest in $PEPE, with significant accumulation observed across several notable wallets.
Three hours ago, wallet 0xe3b9 (icrypto.ai/wallet/0xe3b9f…) acquired 9.41 billion $PEPE tokens, valued at approximately $117,250, at an average price of $0.00001240. This wallet currently holds 7.46 billion $PEPE, worth around $93,950.
Simultaneously, wallet 0xf6f6, known as mlai.eth (icrypto.ai/wallet/0xf6f6d…), purchased 8.27 billion $PEPE, valued at $104,470, at an average price of $0.00001262, and maintains the full amount.
Seven hours ago, wallet 0x2033 (icrypto.ai/wallet/0x20336…) bought 12.92 billion $PEPE for $153,430 at a price of $0.00001188. This wallet now holds 25.24 billion $PEPE, valued at $315,980.
Smart DEX Traders are accumulating $PEPE in the last 24 hours 📌
Some wallets that you could pay attention:🤔
– 3 hours ago, wallet 0xe3b9 (https://t.co/qrRYXrucni) bought 9.41B $PEPE ($117.25K) at an average price of $0.0(4)1240, and is currently holding 7.46B $PEPE ($93.95K)… pic.twitter.com/Ji9odJyEyM
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 24, 2024
Smart Dex Traders And Whales Show Notable Interest In $PEPE
The accumulation trend is not limited to smart DEX traders. Whales have also shown significant interest in $PEPE. Wallet 0xf6ee accumulated 31.5 billion $PEPE today, equivalent to $377,000. This accumulation marks the first time this wallet has added $PEPE to its holdings.
The wallet is currently valued at $805,000, with $ETH as its largest holding, followed by $PEPE. This pattern of accumulating $ETH and $PEPE has been observed in other wallets following the approval of the Ethereum ETF.
Whales continue to accumulate $Pepe
This wallet accumulated 31.5 billion $Pepe today, equivalent to 377K USD. The wallet accumulated this $Pepe via CEX & marks the first time this wallet has accumulated $Pepe.
The wallet is valued at 805K USD with $ETH its largest holding… pic.twitter.com/TO27qZlaa9
— PEPAY (🐸,🪺) backed by $PEPE (@pepaycoineth) July 23, 2024
These significant purchases by both smart DEX traders and whales suggest a strong confidence in $PEPE’s potential. The increased accumulation could be indicative of bullish sentiment and an expectation of future price appreciation. The focus on $PEPE, especially in wallets with substantial holdings of $ETH, highlights a strategic approach to diversify with assets perceived to have high growth potential.
As $PEPE continues to attract attention from high-value traders and investors, its market dynamics may shift, potentially leading to increased volatility and trading opportunities. The actions of these key players could serve as a bellwether for other investors considering $PEPE.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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