Pepe Coin price has shown sharp fluctuations, but recent large investor purchases could signal a renewed rally.
Major Investors Purchase During Downturn
During the recent cryptocurrency market downturn, three large wallets, linked to Tornado Cash, acquired nearly 690 billion PEPE tokens worth approximately $4.3 million. The largest purchase came from wallet 0x7A7D, spending $2.72 million on 437.7 billion tokens. These buyers have caught analysts’ attention with their actions during a volatile market.
PEPE/DOGE - A Metric for Potential Growth
Traders and analysts closely watch the PEPE/DOGE trading pair for signs of a meme coin resurgence. Max, CEO of Because BTC, highlights the comparison to Dogecoin, often a benchmark for meme coins, as a key insight into potential price movements, referring to it as a 'signal' for evaluating meme coins.
PEPE Coin Price Action and Outlook
Pepe Coin recently saw a 14% increase in price but the technical outlook remains cautious. Coincodex projects a long-term increase of 226.41% by April 2025, but the current market sentiment remains 'Bearish.'
Despite volatility, large purchases and comparison with Dogecoin could improve growth prospects for Pepe Coin. Future moves will depend on overall market conditions.
