PEPE Re-Enters Top 100 Rankings as $500K Token Distribution Begins - Is It Bullish for Price


20 Nov 2023 2:00 PM

PEPE price gained 10% over the weekend. Here's how investors could react to the free $500,000 token distribution plan....

  • The price of the meme coin PEPE increased by 10% over the weekend as crypto whales invested millions in it.
  • On-chain analysis shows that whale investors holding 10 trillion to 100 trillion PEPE tokens have been accumulating more tokens, indicating they are positioning for further gains.
  • The PEPE team has moved 418 billion tokens, worth approximately $500,000, into the Binance wallet for distribution to users through various campaigns, which could trigger bullish action among retail investors.
  • The GIOM data suggests that if bullish whales continue to hold and the upcoming campaign boosts retail traders' sentiment, the PEPE price could reach $0.000002.

The sentiment in the article is generally positive, highlighting the capital inflow from crypto whales, the positive impact on PEPE price, and the potential for further price increase due to the upcoming token distribution and retail investor participation.

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You May Ask

How much have crypto whales invested in PEPE within the past week?What is the significance of the whale investors accumulating more PEPE tokens?How much worth of tokens did the PEPE team move into the Binance wallet?What could trigger bullish action among retail investors in relation to the PEPE token distribution?What price level could the PEPE price reach if bullish whales continue to hold and retail traders' sentiment is boosted?

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