Pepe Coin Soars Amidst Bullish Whale Sentiment and Revolut Surge

The price of PEPE Coin surged over 20% in the last 24 hours, aligning with increased interest from major holders, or whales. Whale activity surrounding PEPE has been noteworthy, with significant withdrawals from exchanges like Binance, totaling billions of tokens and millions of dollars.

Pepe Coin Soars Amidst Bullish Whale Sentiment and Revolut Surge

London, April 11, 2024 - Pepe Coin (PEPE), the renowned frog-themed meme coin, has witnessed an extraordinary surge in its price, fueled by heightened interest from prominent investors known as whales. Today, PEPE Coin has skyrocketed by over 20% in the past 24 hours, propelling its price to $0.000007394 with a market cap exceeding $3.11 billion.

This remarkable upward trajectory coincides with a significant shift in focus towards Pepe Futures, as per the latest derivatives data. This indicates a growing confidence in the cryptocurrency within the investor community, according to a report by Crypto News Flash.

Whale activity has emerged as a key catalyst for PEPE Coin's recent surge. Spot On Chain, an on-chain transaction monitoring platform, has uncovered substantial whale activity surrounding the meme coin. Their report highlights a notable uptick in whale accumulation of PEPE Coins, signaling a potentially bullish market sentiment.

One prominent whale, identified as 0x546, recently withdrew a staggering 331.3 billion PEPE tokens from the Binance exchange, amounting to approximately $2.24 million. This transaction carries added significance due to the connection between whale 0x546 and another savvy trader, 0x1c6, who previously divested all UNI holdings prior to a significant price decline, resulting in an estimated profit of $6.99 million.

The collaboration between whale 0x546 and Smart trader 0x1c6 has led to the withdrawal of an impressive 660.7 billion PEPE tokens, valued at $4.57 million, from both Binance and MEXC exchanges. These transactions reflect a bullish sentiment among high-volume traders who are accumulating substantial quantities of PEPE tokens.

Meanwhile, Revolut, the leading financial and crypto app in the UK, has also witnessed a notable shift in its customers' cryptocurrency portfolios. Data from cryptocurrency trader degenharambe reveals that Pepe has surpassed Ethereum (ETH/USD) in terms of total holdings among Revolut customers.

Since the beginning of the year, Revolut customers' PEPE holdings have surged by 309%, translating to a staggering 1,700% increase in dollar value. This shift indicates a growing interest in PEPE Coin among retail investors, further contributing to its bullish momentum.

As whales continue to exert their influence in the crypto market, their strategic moves serve as important signals for astute investors. The accumulation of PEPE tokens by notable entities like Whale 0x546 and Smart Trader 0x1c6 suggests an upcoming uptick in the meme coin's value, sparking further speculation and engagement from traders.