{"id":127009,"date":"2023-07-25T06:03:11","date_gmt":"2023-07-25T06:03:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/pepe-loses-its-momentum-but-not-as-per-these-profit-seeking-investors-crypto-news\/"},"modified":"2023-07-25T06:03:14","modified_gmt":"2023-07-25T06:03:14","slug":"pepe-loses-its-momentum-but-not-as-per-these-profit-seeking-investors-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pepe-loses-its-momentum-but-not-as-per-these-profit-seeking-investors-crypto-news\/","title":{"rendered":"PEPE loses its momentum but not as per these profit-seeking investors\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\t\t\t\t\t\t<br style=\"clear: both; display: block; float: none;\"\/><\/p>\n<ul>\n<li><em><span style=\"font-weight: 400;\">A Pepe whale withdrew $3 million worth of tokens from exchanges.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">Previous withdrawals resulted in a profit of around $600,000.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">although <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/pepe\" data-wpel-link=\"internal\">Pepe<\/a> appears to have lost momentum in both price and hype, its whales were still actively profiting.  Recent data revealed a notable whale transfer of PEPE tokens, which coincided with a positive price trend.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">\u2013 Is your portfolio green?  Check out the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/pepe-profit-calculator\" data-wpel-link=\"internal\">Pepe Profit Calculator<\/a><\/p>\n<hr\/>\n<h3><b>Pepe the whale makes the money move<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">As per a post from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1683156126093959170?t=1jQPDrAuk-uzdSESIFypfA&#038;s=19\" data-wpel-link=\"external\">lookonchain<\/a>, a Pepe whale recently made a substantial withdrawal from Binance.  According to data from the tracking site, the whale withdrew 2 trillion PEPE tokens, valued at approximately $3 million. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the post mentioned that this same whale had previously withdrawn 3.94 trillion. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/chatgpt-skeptical-about-pepe-is-it-justified\/\" data-wpel-link=\"internal\">Pepe<\/a> tokens, worth $6.46 million at that specific time, on two occasions \u2013 once on 27 June and then again on 5 July.  Furthermore, the whales deposited 3.94 trillion PEPE tokens, valued at $7.06 million at that time, on July 14, resulting in a profit of around $600,000.<\/span><\/p>\n<h3><b>PEPE profit-taking trend<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">On 23 July, the recent whale move proved profitable, as evident from the daily timeframe chart of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/heres-how-pepe-traders-can-profit-as-volatility-dies-down\/\" data-wpel-link=\"internal\">Pepe<\/a> tokens.  The chart displayed a price surge that day, with the token closing trading with a gain of over 1%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">  Similarly, on 27 June, the asset had a noteworthy increase in value, closing the trading session with a significant 6.6% rise.  However, the only exception to the overall profit-taking trend was observed on July 5, when the price experienced a decrease of over 2.9%.<\/span><\/p>\n<div id=\"attachment_330069\" style=\"width: 1803px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-24_13-20-48.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330069\" class=\"wp-image-330069 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-24_13-20-48.png\" alt=\"PEPE\/USDT price trend\" width=\"1793\" height=\"764\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-24_13-20-48.png 1793w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-24_13-20-48-300x128.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-24_13-20-48-1024x436.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-24_13-20-48-768x327.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/PEPEUSDT_2023-07-24_13-20-48-1536x654.png 1536w\" sizes=\"auto, (max-width: 1793px) 100vw, 1793px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-330069\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">However, as of this writing, the token faced a downtrend, with a considerable loss of over 9% already recorded.  This persistent decline in price further pushed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/pepe-drops-to-key-bullish-zone-will-bulls-defend-it\/\" data-wpel-link=\"internal\">Pepe<\/a> into a bear trend, as indicated by its Relative Strength Index (RSI).<\/span><\/p>\n<h3><b>Volume trend spikes and falls<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">During the period when these whale transactions were taking place, the overall volume of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/pepe-is-this-whale-movement-the-catalyst-to-long-term-gains\/\" data-wpel-link=\"internal\">Pepe<\/a> Tokens remained relatively low, as indicated by the Sentiment chart.  However, there was one significant spike in volume observed on 20 July. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">On this particular day, the volume surged well beyond the usual range of 70 to 100 million and reached over 8 billion.  This marked the highest volume the token had seen since its launch. <\/span><\/p>\n<div id=\"attachment_330071\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330071\" class=\"wp-image-330071 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Pepe volume\" width=\"2560\" height=\"867\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-2048x693.png 2048w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-330071\" class=\"wp-image-330071 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023.png\" alt=\"Pepe volume\" width=\"2560\" height=\"867\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023.png 2560w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-300x102.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-1024x347.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-768x260.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-1536x520.png 1536w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/Pepe-PEPE-13.42.42-24-Jul-2023-2048x693.png 2048w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-330071\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">The exact cause of this sudden spike in volume remains unknown, and it did not immediately impact the price trend.  Nevertheless, this unusual surge suggested a heightened level of whale activity during that period.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Read <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/pepe-price-prediction\" data-wpel-link=\"internal\">Pepe&#8217;s [PEPE] Price Prediction<\/a> 2023-24<\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">Additionally, based on the reported whale moves, it appears that the whales were primarily using the token for profit-taking purposes, as there were no other apparent utility or use cases for the token then.<\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Pepe whale withdrew $3 million worth of tokens from exchanges. Previous withdrawals resulted in a profit of around $600,000. although Pepe appears to have lost momentum in both price and hype, its whales were still actively profiting. Recent data revealed a notable whale transfer of PEPE tokens, which coincided with a positive price trend. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":127010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-127009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/127009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=127009"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/127009\/revisions"}],"predecessor-version":[{"id":127011,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/127009\/revisions\/127011"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/127010"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=127009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=127009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=127009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}