The Ethereum-based memecoin $PEPE Is Showing Signs of an Imminent Breakout, With Projections Setting Its Sights on a Market Cap of $25 Billion in the Next Bullish Wave

Traders are closely watching the token, as momentum builds for another significant upward move.

A prominent crypto trader, known as 304.eth, has been steadily increasing his holdings in $PEPE, accumulating a total of 33.11 billion tokens, as per the latest update.

Over the past eight days, 304.eth has been gradually purchasing $PEPE, amassing a total of 33.11 billion tokens.

In the same period, 304.eth has also been buying $WOJAK, adding 82.86 million tokens to his portfolio.

Currently, 304.eth is holding 298.45 billion $PEPE, valued at $3.04 million, and 352.69 million $WOJAK, now worth $454.5K.

To gain a deeper understanding of 304.eth’s strategy, check out this informative thread.

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) October 17, 2024

Not Just $PEPE Memecoin, But Also $WOJAK

Interestingly, $PEPE is not the only memecoin that has caught 304.eth’s attention. During the same period, he has also been expanding his position in $WOJAK, purchasing an additional 82.86 million tokens for $107.3K.

Now, 304.eth’s portfolio includes a massive 298.45 billion $PEPE, currently valued at $3.04 million, and 352.69 million $WOJAK, which has appreciated to $454.5K. These moves signal strong confidence in the future growth of both memecoins.

As $PEPE edges closer to its anticipated breakout, the broader crypto market is keeping a close watch to see if the token can meet its ambitious $25 billion market cap target.

With influential traders backing the coin and excitement building within the memecoin community, $PEPE’s next rally could bring substantial gains to its investors, reaffirming the potential for profits in this volatile yet promising sector.

Breaking: Ethereum memecoin $PEPE (@pepecoineth) indicating an imminent breakout, eyeing a market cap target of $25B in its next upward move. pic.twitter.com/CUIEXgvvMu

— Whale Insider (@WhaleInsider) October 18, 2024

Note: This is not financial or trading advice. Always conduct thorough research before making any crypto-related purchases or investing in any services.