Mysterious Whale Moves $1 Trillion PEPE to Binance
A mysterious whale has made significant transfers to Binance, sparking concerns that PEPE may be in sell mode. The whale shifted 1 trillion PEPE to Binance recently, which could impact short-term price action.
The transfer comes on the heels of a 4% increase in PEPE's price today, reaching $0.00001247. The wider crypto market remained stagnant, making this surge suspicious. Over the week, PEPE gained 7%, but it fell 5% in two weeks and 25% in a month.
Despite recent losses, PEPE retains a 700% annual gain. Technical indicators suggest a potential decline before another rally. The relative strength index has fallen from nearly 80 to 50, indicating a possible downturn.
The trading volume exceeded $1 billion, up from $350 million days ago. Another whale sent 700 billion PEPE ($7.8 million) to Binance yesterday, further suggesting whales may be in sell mode.