The mysterious wallet purchased $1.61 million worth of Pepe (PEPE) in the past 24 hours.
Etherscan.io data reveals that a newly-emerged whale has accumulated 1,293,210,403,742 (1.29 billion) PEPE, worth $1,618,114 ($1.61 million) through three separate transactions in the past 24 hours.
The whale embarked on an aggressive buying spree about 17 hours ago from press time, when it added a mere 1,000,000 (1 million) PEPE, valued at $1.50, to her portfolio in a single transaction.
However, that was just the appetizer. A few hours later, the same wallet engaged in a monumental transaction with Wintermute Trading, a prominent global algorithmic market maker and High-Frequency Trading (HFT) firm. This encounter resulted in the acquisition of 486,165,007,905 (486.16 billion) PEPE tokens, valued at $608,806 ($608.80K).
Unfazed by the monumental volumes already secured, the enigmatic investor made yet another significant purchase. This time, a staggering $1,008,533 ($1 million) was spent to amass 807,044,395,837 (807.04 billion) PEPE tokens.
The timing of this incredible accumulation coincides with top analyst Ali Martinez’s bullish projections for PEPE. Martinez’s insights include potential take-profit targets and a critical invalidation mark to monitor. Notably, Martinez envisions PEPE surging to the $0.00000138 level, marking a notable 10.4% uptick from its current price of $0.00000125.
As reported by The Crypto Basic, Martinez’s foresight also entertains the possibility of PEPE achieving a remarkable rally to the coveted $0.00000159 price point, which would entail a 27% surge. However, the seasoned chartist cautioned that PEPE’s fate could take a downturn if the critical $0.00000113 support level fails to hold.
Moreover, PEPE is currently ranked as the top trending cryptocurrency on CoinMarketCap, following Shiba Inu (SHIB) and WorldCoin (WLD).
As of press time, PEPE is trading at $0.000001244, up 1.45% over the last day, with a 24-hour trading volume of $74,232,199 ($74.23 million).
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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