Pepe Coin Price Prediction as Trader Makes 15,718x Profit – Time to Buy PEPE?
The Pepe Coin price has risen by 3.5% today, reaching $0.00001114 on a day when the crypto market as a whole has dipped by a very slight 0.3%.
PEPE is now up an impressive 41% in a week and by 102% in the last 30 days, with the meme coin’s movements enabling an early whale (or insider) to sell 255 billion tokens yesterday and earn themselves $2.3 million.
Yet this same whale sits on a total haul of around 3.5 trillion PEPE, having posted an incredible 15,718x profit overall.
And with PEPE hitting not only a new all-time high yesterday but also a new ATH of $0.00001151 earlier this morning, its momentum looks like it will continue in the short—and medium-term.
PEPE’s price continues to look incredibly bullish, and while this may ordinarily suggest an incoming fall, we said something similar yesterday.
Yet it still looks very strong, with its 30-day average (orange) racing steeply beyond its 200-day average (blue), a sign that it remains in a bullish expansionary phase.
PEPE’s relative strength index (purple) also remains very positive, having neared 90 a couple of days ago but still holding above 60 up until now.
And what’s unique about PEPE is that, unlike most other top-100 coins, it has actually surpassed its highs from early March.
There are a couple of interrelated reasons for this, with the first being that whales have been accumulating – and pumping – PEPE in recent weeks.
In addition, this week saw the return of legendary meme-stock trader ‘Roaring Kitty’ to X, creating an expectation that we may have a meme season on our hands.
pic.twitter.com/YgjVqtgcNS
— Roaring Kitty (@TheRoaringKitty) May 13, 2024
Such a season is also something we saw in the wake of the infamous GameStop rally of 2021, and while there’s no real
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