{"id":362916,"date":"2025-01-30T19:06:56","date_gmt":"2025-01-30T13:36:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=362916"},"modified":"2025-01-30T19:06:56","modified_gmt":"2025-01-30T13:36:56","slug":"pepe-coin-team-moves-170b-pepe-sparking-speculations-whats-happening-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pepe-coin-team-moves-170b-pepe-sparking-speculations-whats-happening-crypto-news\/","title":{"rendered":"Pepe Coin Team Moves 170B PEPE Sparking Speculations, What’s Happening? – Crypto News"},"content":{"rendered":"

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In an unprecedented development, the Pepe Coin team has moved a staggering 170 billion PEPE, sparking speculations among market watchers globally. Spotonchain revealed on Thursday that the team\u2019s multi-sig wallet is making massive transfers, with some of the tokens even being dumped to a crypto exchange. In turn, the PEPE price remains much-eyed by investors as they anticipate a shift amid tokenomics change.<\/p>\n

Pepe Coin Team Transfers 170B Tokens<\/h2>\n

According to the data by Spotonchain on X<\/a> as of January 30, a multi-sig wallet linked to the Pepe Coin team transferred 170 billion PEPE, worth $2.17 million, to a new wallet address 0x1ec. Further, this wallet was recorded dumping 6 billion PEPE to the crypto exchange Binance.<\/p>\n

Notably, these transfers have set off waves of discussions among market participants as they reflect a change in the token\u2019s market dynamics. Moreover, in light of the significant exchange dump, investor sentiments on the coin\u2019s future price action remain uncertain. Simultaneously, a recent report showed that a Pepe Coin whale has turned<\/a> $3K into $51 million with his timely trade.<\/p>\n

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Broader Market Recovery Trend Sparks Hope<\/h2>\n

However, it\u2019s worth considering the broader market recovery sentiment brewing post-FOMC. Despite the U.S. Fed keeping interest rates unchanged, crypto prices<\/a> have shown signs of recovery on Thursday.<\/p>\n

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Intriguingly, the meme coins sector also mimicked growth in tandem with Bitcoin price. As a result, even Pepe Coin\u2019s price was up by nearly 2% and was trading at $0.00001295. The meme coin\u2019s intraday low and high were $0.00001196 and $0.00001328, respectively.<\/p>\n

Further, the asset\u2019s 24-hour trading volume also surged by 14% to $1.17 billion today. This upward trajectory has fueled hope for further gains among investors.<\/p>\n

PEPE Price Analysis Builds Further Optimism<\/h2>\n

<\/p>\n

Simultaneously, a recent Pepe Coin price analysis<\/a> by CoinGape has solidified optimism over the token\u2019s long-term prospects. While the meme coin trades 60% below its ATH, market watchers may want to buy the token for efficient profit-booking.<\/p>\n

Broader technicals indicate that a bullish trajectory awaits the token. The analysis revealed that the token\u2019s MVRV is dipping into the buy zone again. Previously, when the token\u2019s MVRV reached such zones, PEPE witnessed a 72% rally, a 71% surge, and a 51% increase. This data underscores a bullish movement ahead, with the next vital resistance at the $0.00000150 mark.<\/p>\n

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Coingape Staff <\/p>\n<\/p><\/div>\n

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n

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In an unprecedented development, the Pepe Coin team has moved a staggering 170 billion PEPE, sparking speculations among market watchers globally. Spotonchain revealed on Thursday that the team\u2019s multi-sig wallet is making massive transfers, with some of the tokens even being dumped to a crypto exchange. In turn, the PEPE price remains much-eyed by investors […]<\/p>\n","protected":false},"author":2,"featured_media":362923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-362916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/362916","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=362916"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/362916\/revisions"}],"predecessor-version":[{"id":362927,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/362916\/revisions\/362927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/362923"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=362916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=362916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=362916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}