In a thrilling plot twist witnessed today, May 23, Pepe coin whale accumulations have again taken the cryptocurrency realm by storm. Despite the frog-themed meme token already being on a bull run<\/a>, a whale has further accumulated massive amounts of PEPE, birthing sentiments of more price gains in the pipeline.<\/p>\n Remarkably, PEPE has already defied the broader market expectations, soaring to unprecedented levels in recent days. This unpredictability has stirred up thoughts of a potential due correction looming for the meme coin. However, the massive PEPE accumulation has, in turn, sparked contrasting market sentiments.<\/p>\n <\/p>\n According to the insights revealed by the on-chain analytics platform LookOnChain, the whale address 0x83768.. accumulated a staggering 390.56 billion PEPE from Binance today, May 23. Moreover, in less than two days, the same address has been recorded to have collectively bought a whopping 982.56 billion PEPE, worth $13.6 million, echoing a frenzy amid the meme coin\u2019s continued upside momentum.<\/p>\n Notably, PEPE even hit an ATH today, at $0.00001467. However, instead of selloffs due to potential profit-taking behaviors, Pepe coin accumulations surfaced across the market, underscoring the whale\u2019s confidence in the asset for further gains.<\/p>\n Meanwhile, it\u2019s also worth mentioning the Pepe coin<\/a> topped the $6 billion market cap today, overtaking Internet Computer Protocol (ICP) in rankings. This further adds to the optimistic market buzz birthed by Pepe coin.<\/p>\n <\/p>\n <\/p>\n Also Read: Gary Gensler Praises US SEC\u2019s Achievements in Court on Crypto Cases<\/a><\/strong><\/p>\n As of writing, Pepe coin\u2019s price<\/a> noted a 4.85% upswing in the past 24 hours and is currently trading at $0.00001371. The frog-themed meme token\u2019s 24-hour lows and highs are $0.00001306 and $0.00001467, respectively.<\/p>\n It\u2019s worth noting that despite considerable PEPE liquidations recorded in the past 24 hours, worth $6.20 million, the meme coin has retained its upside movement. This further adds a bullish tint to the token\u2019s cryptographic venture.<\/p>\n <\/p>\n However, the RSI rested at 74, hinting that the token has reached overbought territory. This could mean that a price correction looms, although PEPE has already defied usual market sentiments.<\/p>\nPEPE Whale Accumulation Propels Market Optimism<\/h2>\n
PEPE Price Soars<\/h2>\n
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