2024

PEPE

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Trillion

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<p dir="ltr">The broader crypto market is on the edge, buoyed by the return of Bitcoin (BTC) to the $71,000 mark for the first time in more than five months. This boost has helped trigger a massive rally for meme coins like PEPE, with whale embrace fueling a rally in a complementary manner.</p>
<h2 id="pepe-whale-and-price-action">PEPE whale and price action</h2>
<p dir="ltr">As the price of PEPE recovers from its weekly lows, so does the whale action grow.<a href="https://x.com/whale_alert/status/1850815499384303844" rel="noopener noreferrer nofollow">Per</a> data from Whale Alert, one single whale shifted 1,279,959,528,068 PEPE on Oct. 28. This total PEPE was worth approximately $11,510,036.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">🚨 1,279,959,528,068 <a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PEPE</a> (11,510,036 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a><a href="https://t.co/qlK9P64wo4" rel="noopener noreferrer nofollow">https://t.co/qlK9P64wo4</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1850815499384303844?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 28, 2024</a>
</blockquote>
<p dir="ltr">This single whale boost has sparked some projections on the market. While the funds were moved to a Binance address indicating a sell-off, it also proves that activities are beginning to pick up among<a href="https://u.today/1021-trillion-pepe-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">PEPE whales</a> that can determine the next trends.</p>
<p dir="ltr">As of writing time, the price of PEPE was trading for $0.00000966, up by 8.49% in 24 hours, per CoinMarketCap data. At this level, the token can erase one zero to retest the resistance level at $0.00001. If this seemingly bearish 1.2 trillion transfer to Binance ends up being liquidated and others follow, it might force a change in the trend for the meme coin.</p>
<p dir="ltr">However, the market's collective hype might help PEPE negate any sell-off scares from either whales or retail holders.</p>
<h2 id="meme-coin-breakout">Meme coin breakout</h2>
<p dir="ltr">At the current level, many meme coins are in blowout mode.<a href="https://u.today/shiba-inu-shib-makes-four-trillion-comeback-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) is up by 10.89% to $0.0000189 with a push to erase one zero. Dogecoin and WIF are also up by 14.52% and 9.60%, respectively, to $0.1664 and $2.644.</p>
<p dir="ltr">While only a few meme coins like SHIB are implementing<a href="https://u.today/strategic-upgrade-for-shibarium-revealed-by-shib-team" rel="noopener noreferrer nofollow">regular updates</a>, this bullish recovery has leveled the playing field for all meme coins across the board.</p> <a href="https://u.today/12-trillion-pepe-on-move-as-price-rebounds" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

1.2 Trillion PEPE on Move as Price Rebounds

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