One whale address already acquired 227.8 billion PEPE tokens, right before a 458% price surge on the meme coin’s value. The massive purchase has set into motion some huge changes in market conditions, leading to speculation and analysis from across the crypto community.
This particular whale, known by the wallet address 0x06b3, made the purchase around this time yesterday. The entity invested $2.68 million to acquire the massive amount of PEPE tokens, signaling a strong belief in the asset's potential.
A few days later PEPE exploded by thousands of percent. This rally combined to create a very profitable opportunity for the majority of its holders. According to data, PEPE holders are currently 57% in profit, with a total of an estimated 239.32 trillion tokens still held by investors. Those tokens are worth about $3.08 billion, making these profitable holders extremely wealthy right now.
Not all investors are seeing gains. As it stands, 36% of PEPE holders are currently “out of the money.” Their average entry points are usually between $0.000013 and $0.000021. Far too many retail investors bought PEPE at inflated price levels. Now, they’re sitting on these unrealized losses.
From technical perspective on PEPE/USDT trading pair technical analysis indicate bullish/nabiraish pattern. The cost has bounced off of the $0.00001 support level at least three times. A Break of Structure (BOS) This was BOS as bulls assertively took out this important descending trendline. This smart move is an important bellwether that may indicate a real change in market sentiment.
As it stands, only 6.8% of PEPE holders are “at the money.” That means their average short sale entry price is almost exactly on the market value right now. These holders are practically at a loss, with neither substantial profits nor deficits on their investment.
