Despite cryptocurrency whales amassing more PEPE, the price continues to slide. A recent transaction of 280 billion tokens by a new whale underscores renewed interest. Additionally, a 15% increase in active wallet addresses and an 18% rise in Open Interest suggest heightened market activity. In this article, we delve deeper into the developments surrounding PEPE and what they mean for the future of the meme coin. (First-person perspective: As a researcher, I am diving deep into recent developments concerning PEPE and their implications for the future of this meme coin.)
Whales accumuleren PEPE
From a recent analysis of on-chain data, it appears there’s an increase in the accumulation of PEPE by crypto whales – a sign of renewed interest in the popular meme coin.
A specifically identified whale, “0x8f5,” for instance, obtained approximately 280 billion PEPE-tokens worth around $5 million from Binance. This significant transaction suggests strategic positions of large investors, possibly in anticipation of a potential price rally or market event.
Whales’ actions in meme coins usually predict market fluctuations, attracting traders who aim to profit. However, even though PEPE seems bullish now, it’s important to stay cautious because whales buying a lot could result in quick selling when they reach their profit goals.
At the time of writing, PEPE is displaying resilience in a volatile cryptocurrency market and is trading near a critical support level of $0.000019. Increasing trade volumes indicate growing interest from both retail and institutional investors as well.
As a crypto investor, I often view whale accumulation as a bullish sign, particularly for tokens with low market capitalization. This is because it reflects confidence in the potential of the asset. However, external factors such as Bitcoin‘s stability and a recovery in altcoins can also impact PEPE’s performance.
PEPE koers. Bron: TradingView
Crucial for PEPE traders is whether the support level holds or if there’s a potential dip towards $0.000015 on the charts.
Initially, on-chain data shows a 15% increase in active wallet addresses – an indicator of growing user involvement. This could suggest a rise in price volatility since it reflects a larger market participation.
Actieve adressen. Bron: Glassnode
A persistent increase in active addresses can bolster a bullish outlook, especially when accompanied by consistent trading volume. However, peaks in active addresses could also indicate distribution from large holders to smaller traders. If the activity declines, PEPE may encounter reduced liquidity, which could lead to sideways or bearish price movements.
Secondly, the Open Interest (OI) for PEPE Futures contracts has increased by 18% over the past 48 hours. This indicates an upward trend in speculative activity. At the time of writing, long positions are dominating the market, accounting for approximately 62% of the total OI. This underscores the optimism among traders.
Open Interest PEPE. Bron: Coinglass
When PEPE surpasses its resistance levels, it could potentially keep the OI rising, triggering a rally. Conversely, falling below support levels might lead to long liquidations, reinforcing downward pressure. While funding rates are neutral at the moment, shifts in these could suggest growing bullish or bearish sentiment.
In simple terms, the MVRV ratio (Market Value to Realized Value) is currently showing an intriguing divergence between short-term and long-term investors. At present, short-term investors are on average losing -8%, while long-term investors are still making a profit of 12%. This disparity might suggest less selling pressure from ‘weak hands’, potentially paving the way for a price recovery.
MVRV PEPE. Bron: TradingView
When the MVRV ratio for short-term reaches positive territory, it could indicate renewed buying interest, potentially triggering a rally. However, a drop below key support levels might amplify losses for short-term investors, leading to more market uncertainty.
Currently, PEPE finds itself at a critical juncture. The accumulation of whales, increasing active addresses, and rising Open Interest all point towards heightened market activity. However, the token’s ability to maintain key support levels will determine the next move.
With renewed interest in PEPE, it’s an excellent time to explore other meme tokens that might benefit from this trend. These meme tokens are still in their early stages, offering investors the opportunity to jump on board at attractive prices. Below, we discuss three meme coins we believe it’s not too late to invest in.
Wall Street Pepe (WEPE) is a new meme coin aiming to curb whale influence in the cryptocurrency market. The project’s vision seems to resonate with the community, given the impressive figures from the WEPE presale. So far, the project has raised $47.5 million and the presale is quickly approaching its public sale.
Traditional meme coins often stick to a vibrant theme and bold narrative. However, Wall Street Pepe adds an ambitious goal to this mix: creating a platform where small investors, who are often overshadowed by whales, take center stage.
Joining the WEPE Army grants investors access to strategies, tools, and an exclusive community, aiming to provide a nurturing environment where both beginners and experienced traders can thrive. The WEPE Army has expanded to become a community of over 24,000 followers on Twitter and more than 10,000 active members on Telegram. In simpler terms, by becoming part of the WEPE Army, investors gain access to valuable resources, mentorship opportunities, and a supportive network of traders at various skill levels.
As the presale progresses, the price of WEPE-tokens increases in a series of stages with a gradual price rise. Interested investors can participate in the presale using ETH, USDT or credit cards. Additionally, the presale supports crypto wallets such as Metamask and Best Wallet.
Naar de officiële website van Wall Street Pepe
Flockerz (FLOCK) is an innovative meme coin that empowers its community to shape the future. With a successful presale where almost $10 million was raised, the project offers early investors the chance to step in at low prices before official stock market listings begin.
The unique feature of Flockerz lies in its vote-to-earn mechanism. Instead of just being active on social media, token holders receive a vote in crucial decisions such as marketing strategies and token burns.
This model allows the community to influence the direction of the project and also earn rewards in the form of additional FLOCK-tokens. Thus, a self-sustaining cycle is created where both the project and the community benefit mutually.
With its “vote-to-earn” model and a community-centric approach, Flockerz blends the fun of meme coins with real utility. This project goes beyond mere speculation and hype, positioning itself as one of the most promising projects for 2025.
Naar de officiële website van Flockerz
Meme Index, or MEMEX for short, is one of the latest and most exciting pre-sales in the crypto world. It involves an ERC-20 token that grants holders access to a series of decentralized indexes specifically designed for meme coins.
As its name implies, Meme Index will function as a decentralized provider of indices tracking the performance of various meme coin portfolios. Each index will have its own risk and return profile. For instance, the Titan-index follows major meme coins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE).
In addition, the Memecoin Index will offer three other indices at launch: Moonshot, MidCap, and Frenzy. The Frenzy index specifically focuses on the most volatile cryptocurrencies within the market.
The pre-sale was launched last month and has already raised $2.3 million. Additionally, the project now boasts a solid foundation with 20,000 followers on X (previously Twitter). This suggests a very promising future. Investors who wish to join early can do so on the official website of Meme Index. Here, they can purchase $MEMEX for $0.0152243.
The pre-launch sale took place last month and has already accumulated $2.3 million. Moreover, the project currently has a robust following of 20,000 people on X (originally Twitter). This indicates a bright future ahead. Investors who wish to invest early can find it on Meme Index’s official website. Here, they can buy $MEMEX for $0.0152243.
Naar de officiële website van Meme Index
As an analyst, I find it’s no surprise that Artificial Intelligence (AI) is one of the fastest-growing technologies globally. Given this context, it’s only natural that AI is playing an increasingly significant role in the realm of cryptocurrencies. With MIND of Pepe, a new crypto project has entered the market, leveraging this innovative technology optimally to provide users an edge in the competitive crypto market. Specifically, MIND of Pepe employs AI to enhance user experience and performance within the dynamic world of digital currencies.
By using the AI Agent of MIND or Pepe, users can get up-to-date information about the cryptocurrency market and have a chance to discover new, exciting projects before others.)
The mind of Pepe is developed on the Ethereum blockchain and revolutionizes the way AI Agents operate within the crypto market. This project operates with the native utility token, MIND. Users can now participate in the presale of the MIND token, which offers exclusive access to the benefits of the MIND of Pepe’s AI Agent. Additionally, users can also begin staking their MIND tokens to qualify for attractive returns.
The MIND pre-sale recently went live and has already managed to raise over $200,000. Since the price of MIND tokens increases in each new phase of the pre-sale, interested investors should hurry to take advantage of the current low prices. Don’t miss your chance today to be a part of the future of AI within the crypto market.
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2025-01-14 17:49