Large transactions of PEPE tokens from one wallet to another have occurred recently, hinting at potential price growth expectations.
Details on Recent Transactions
EtherScan data shows the whale has transferred significant PEPE token amounts from wallet '0xB9…bce3d' to '0x23…3507c'. The whale sent 98 million PEPE ($3,363) in four transactions, with prior activity including receiving 249.97 billion PEPE ($2.27 million) from Binance nine days ago.
Market Analysis
Based on the current PEPE price of $0.00000908, down nearly 5% in the past day, the whale still holds $2.2 million worth of PEPE tokens. Notably, the current token price is down 67.92% from its all-time high.
Analysts' Opinions and Risks
Analyst 'Mark' highlighted that whales are rapidly accumulating PEPE, which may indicate potential market volatility. However, such shifts in token volumes are often considered caution signals for retail investors.
Large transfers of PEPE tokens could indicate changing sentiment among major market players. Meanwhile, current price fluctuations point to heightened volatility.
