Key Notes
- A crypto whale withdrew 500 billion PEPE tokens (price over $4.3 million) from Binance.
- The frog-themed meme coin is down by 6%, buying and selling round $0.0000085.
- Analyst Jake Gagain predicts PEPE’s latest droop is over, forecasting a parabolic run forward
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A crypto whale just lately withdrew 500 billion PEPE tokens, price over $4.3 million, from Binance. On-chain knowledge from Lookonchain revealed that the whale created a brand new pockets particularly for this transaction, hinting at strategic accumulation fairly than informal buying and selling.
The transaction comes as PEPE experiences risky actions. Regardless of a 14% improve over the previous week, the frog-themed meme coin has dipped by 6% up to now 24 hours, buying and selling round $0.0000085 on the time of writing.
A newly created pockets simply withdrew 500B $PEPE($4.3M) from #Binance.https://t.co/1FKuNmFEdB pic.twitter.com/kL2Wj6M88j
— Lookonchain (@lookonchain) March 27, 2025
Standard crypto analyst Jake Gagain shared on X that PEPE’s backside is now over, calling its latest market droop a brief blip. In line with Gagain, the coin’s resilience following its five-month low hints at a possible parabolic run forward.
$PEPE Will Outperform Each Memecoin In 2025. pic.twitter.com/ZZqbXng8tb
— JAKE (@JakeGagain) March 26, 2025
In the meantime, technical analyst Charting Man steered that PEPE is eyeing the two.618 Fibonacci extension, which may push the token towards the $0.00012 mark. If realized, this is able to characterize a 1,400% achieve from its present value degree.
dare i say $PEPE can nonetheless go to the two.618?
https://t.co/5Lm8GsWNFk pic.twitter.com/t74A780F0y
— Charting Man (@ChartingGuy) March 26, 2025
PEPE Worth Outlook
On PEPE’s every day value chart, the value is hovering close to the higher Bollinger Band, indicating mounting shopping for stress. If PEPE breaks above this vary, it may set off a bullish breakout.
Nonetheless, a rejection at this degree may result in a short-term correction towards the center band help.
In the meantime, the RSI at the moment sits at 56.78, suggesting that PEPE nonetheless has room for additional upside. Nonetheless, if the RSI sees a sudden spike, merchants may anticipate short-term profit-taking, doubtlessly slowing the rally.
Meme Coin Market Booms on GameStop’s Bitcoin Wager
The broader meme coin market can also be on the rise, including $12 billion to its complete market cap over the previous two weeks. As per the information by CoinMarketCap, the overall market cap of the sector at the moment sits at $55.44 billion. This improve adopted the sector’s fallout as a result of LIBRA scandal.
Apparently, the latest GameStop (GME) Bitcoin buy announcement seems to have sparked renewed curiosity in meme cash. This echoes 2021’s notorious GameStop brief squeeze, when Reddit merchants despatched GME inventory hovering over 1,000% in only a month.
Now, historical past appears to be repeating itself within the crypto market. A number of GameStop-inspired meme cash elevated in worth following the corporate’s BTC buy information.
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A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media shops within the crypto and finance world, gathering expertise and experience within the area after surviving bear and bull markets through the years. Parth can also be an creator of 4 self-published books.
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