Why Pepe? Price jumped as the whales piled up, Bitcoin broke $ 118k at the wide crypto rally
The price of Pepe
Shot 14% in the last 24 hours, driven by a large purchase and a wider rebound throughout the cryptocurrency space that saw Bitcoin Raise $ 118,000 mark.
The token advanced from $ 0.000011141 to $ 0.000012812, adding fuel to a sector that succeeded the online hype and sudden trading explosion. While the wider CoinDesk 20 (CD20) The index rose 7.3% in the last 24 -hour period, the coindesk memecoin index (CDMEME) is up to 11.3% at the same time.
Behind the spike is also a whale activity. Data from Nansen It is shown that the top 100 addresses holding Pepe added more than 1% to their holdings on the previous day, up to 304.1 trillion Pepe, while exchange exchanges continue to decrease.
Last month, the top 100 Pepe addresses grew their holdings by 2.3%, while the total amount of tokens held in exchanges dropped by 2.17% to 252.2 trillion.
Technical signals that indicate a long momentum for Pepe. During the rally, the token was exchanged with a 18% range between lows of $ 0.000009823 and a high $ 0.000013068. A major level of resistance appeared at $ 0.000012482, with price returns occurring in heavy quantities, according to the CoinDesk research data technical review model.
Meanwhile, solid support held near $ 0.000011013 while entrepreneurs bought aggressiveness.
Denial: Parts of this article were formed with assistance from AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk’s entire AI policy.
