Altcoin
PEPE Whales Are on The Move As Trading Volume Is Up 27% As They Purchase Mpeppe
As you might know, crypto whale movements often serve as a harbinger of significant market shifts. Recently, the spotlight has been on Pepecoin (PEPE), as whales have started accumulating large amounts of the token despite its recent price dips. This resurgence in whale activity has also brought attention to a new player in the meme coin arena Mpeppe (MPEPE). As trading volume for PEPE surges by 27%, these whales are not just buying more PEPE but are also diversifying into Mpeppe, indicating a potential shift in market dynamics.
PEPE Whales Accumulate Despite Recent Losses
Pepecoin (PEPE) has experienced a roller-coaster ride in the past few weeks, with its price experiencing significant fluctuations. Despite these challenges, whale investors those who hold massive amounts of a cryptocurrency have been doubling down on their Pepecoin (PEPE) holdings. According to recent data from Spot On Chain, two whale wallets accumulated a staggering 828.8 billion Pepecoin (PEPE) tokens, worth approximately $6.2 million, from Kraken on August 17th.
What makes this accumulation particularly interesting is that these whales had previously sold 500 billion Pepecoin (PEPE) just days before, at a higher price point. This strategic move of selling high and buying back at a lower price suggests that these whales believe in the long-term potential of PEPE, even as it navigates through a bearish market phase.
The Implications of Whale Activity for PEPE’s Price
The whale activity surrounding Pepecoin (PEPE) cannot be overlooked, especially when nearly 49% of PEPE’s circulation is held by these large investors. This concentration of ownership means that whale movements have a significant impact on the token’s price. The recent whale purchases at what they perceived as a “cheaper” price point ($0.0000074) could be seen as a buy signal for other investors.
Moreover, Pepecoin (PEPE)’s Market Value to Realized Value (MVRV) ratio was in the negative, indicating that the token was undervalued at its current price. This undervaluation, combined with the increased open interest (OI) in Pepecoin (PEPE) suggesting more liquidity flowing into the token paints a picture of a potential price rebound. Market analysts are eyeing a short-term bullish target for Pepecoin (PEPE), aiming for the 61.8% Fibonacci retracement level at $0.000009. However, they caution that Pepecoin (PEPE) needs to break above this resistance to confirm a bullish reversal.
Mpeppe (MPEPE): The New Darling of PEPE Whales
While Pepecoin (PEPE) continues to attract significant whale interest, these savvy investors are also turning their attention to Mpeppe (MPEPE), a new ICO that has quickly gained traction in the meme coin space. Mpeppe (MPEPE) is priced attractively at $0.001777 per token, making it a low-entry, high-potential investment. With over 80% of its tokens sold during the presale and more than $1.2 million raised, Mpeppe (MPEPE) is proving to be a serious contender among emerging cryptocurrencies.
Pepecoin (PEPE) whales, who are known for their strategic investments, have started purchasing Mpeppe (MPEPE) as part of their diversification strategy. The move to accumulate Mpeppe (MPEPE) tokens at this early stage suggests that these whales see significant upside potential in the new token, much like they did with Pepecoin (PEPE) in its early days. Mpeppe (MPEPE)’s unique value proposition, which includes elements of decentralized finance (DeFi) and gaming, is likely what has caught the attention of these large investors.
What’s Next for PEPE and Mpeppe?
The next few weeks will be critical for both Pepecoin (PEPE) and Mpeppe (MPEPE). For Pepecoin (PEPE), the key will be breaking through the $0.000009 resistance level to signal a bullish reversal. Should this happen, it could trigger a broader market rally, further fueled by continued whale accumulation. Investors are advised to keep a close eye on PEPE’s trading volume and whale movements, as these will be key indicators of whether the token can sustain a price rebound.
As for Mpeppe (MPEPE), the token’s presale success and growing whale interest suggest that it could be the next big thing in the meme coin market. With its low initial price and strong community support, Mpeppe (MPEPE) offers an exciting opportunity for those looking to diversify their crypto portfolios. The fact that Pepecoin (PEPE) whales are also buying into Mpeppe (MPEPE) adds an extra layer of credibility and anticipation around this new token.
Conclusion
In conclusion, the increased trading volume for Pepecoin (PEPE) and the strategic moves by whales to accumulate both Pepecoin (PEPE) and Mpeppe (MPEPE) highlights the potential for significant gains in the coming weeks. While Pepecoin (PEPE) is positioning itself for a possible price rebound, Mpeppe (MPEPE) is emerging as a promising new player with the potential to deliver substantial returns. For investors, both tokens present compelling opportunities to capitalize on the ever-evolving cryptocurrency market. As always, staying informed and watching market trends closely will be key to making the most of these opportunities.
For more information on the Mpeppe (MPEPE) Presale:
Visit Mpeppe (MPEPE)
Join and become a community member:
https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ
The Dogecoin price has entered another stage of bullish momentum that has reignited inflows from traders. Notably, the DOGE price has surged by about 16.3% over the past 24 hours. This surge has brought into focus the possibility of the DOGE price reaching a new all-time high this year.
Interestingly, a crypto analyst on the social media platform X has highlighted a bullish fractal that could push the Dogecoin price on a parabolic run.
Dogecoin Fractal Points To New ATH
Master Kenobi shared his analysis of the Dogecoin price action on X. In his post, Kenobi outlined a fractal setup, suggesting that DOGE is on the verge of a significant breakout. Kenobi attributed the fractal formation to the consolidation that began after the DOGE price reached $0.43
A bullish fractal is a pattern that suggests an upward reversal in price. This pattern, which occurs during price consolidations, is characterized by a middle bar that has the lowest low, flanked by higher lows on each side.
Kenobi’s analysis was accompanied by a DOGE chart on the four-hour candlestick timeframe. The chart revealed that a similar fractal had occurred during the first week of November. At that time, Dogecoin was consolidating after an initial surge past the $0.20 mark. This consolidation phase, much like the current one, was marked by low volatility and steady accumulation. However, the November fractal ultimately resolved with an explosive 115% rally over six days.
Drawing parallels with the November setup, Kenobi predicted that the Dogecoin price could replicate this outcome and create a new all-time high in the next three days. In terms of a price target, a breakout would see the DOGE price reaching the $0.74 mark, which would put it above its current all-time high of $0.7316.
What’s Next For The Dogecoin Price?
The prospect of a new all-time high for the Dogecoin price is gaining ground with each passing day, especially with the price action in the past 24 hours. At the time of the analysis, the DOGE price was trading at $0.41. Interestingly, the Dogecoin price has surged to $0.46 at the time of writing, which indicates that the bullish fractal breakout has happened.
DOGE, which started November at $0.1616, is already up by about 230% in the past 30 days. Many on-chain data and price patterns point to a continued price increase, at least in the next few days and weeks. Ali Martinez, a popular crypto analyst, suggested that the Dogecoin price is in the middle of a bullish breakout to $0.82. If the price target is achieved, this would represent a further 78% gain from the current price.
Featured image created with Dall.E, chart from Tradingview.com
The crypto universe has concluded yet another week, primarily with riveting developments unfolding across the broader sector. Bitcoin (BTC) continues to pump, hitting a new ATH this week. Simultaneously, Ripple’s XRP garnered significant market attention, recording considerable gains. The broader market continues to leverage investor optimism post-U.S. elections that saw Donald Trump reelected as the president.
Here’s a brief collection of some of the top cryptocurrency market headlines that have significantly impacted investor sentiment over the past seven days.
BTC Hits New ATH Amid Bull Crypto Market
BTC price hit a new ATH near the $100K level this week, echoing a buzz across the broader sector. Notably, the flagship coin gained roughly 10% over the past week to hit an ATH of $99,655. Attributable to this bullish movement post-U.S. elections, Rich Dad Poor Dad author Robert Kiyosaki shared a bold prediction for the coin, anticipating its price to hit $13 million.
Simultaneously, the crypto also saw heightened institutional interest amid its bullish movement, underscoring the potential for further gains. Aligning with this heightened market interest, biopharmaceutical firm Hoth Therapeutics forged ahead with BTC buying plans, sparking additional optimism surrounding the crypto.
Meanwhile, Bitcoin miner MARA completed its $1 billion private offering this week, with some of the proceeds set to be used to buy more BTC. Overall, the flagship coin leveraged significant buying pressure this week, paving a bullish path for future movements.
Ripple’s XRP Steals Attention
On the other hand, XRP’s price witnessed gains worth 40% over the past week, cementing investor optimism amid a bullish digital asset sector. Notably, XRP whales accumulated nearly $526M worth of the token this week, indicating that the Ripple-backed coin could pump higher. Veteran trader Peter Brandt predicted amid this bullish movement that a parabolic rally for the crypto also lies ahead.
Further, Ripple CEO Brad Garlinghouse conveyed bullish sentiments on XRP and a possible end to the SEC lawsuit, primarily attributable to the newly appointed U.S. Treasury Secretary Scott Bessent. Simultaneously, the Ripple vs. SEC lawsuit saw the regulator and FINRA trying to bring “digital asset securities” claims. This mover comes against the backdrop of XRP’s rally to $1, with speculations of a looming $2 target on SEC Chair Garu Gensler’s exit.
Overall, these market updates have sparked significant investor enthusiasm over the crypto realm’s future action, with market watchers being optimistic.
Coingape Staff
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.
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.
Crypto analyst Behdark has predicted that the XRP price can reach $28. This prediction follows his Elliot Wave theory analysis, which also showed when the crypto will reach this double-digit price target.
When XRP Price Will Reach Double Digits
In a TradingView post, Behdark’s Elliot Wave theory analysis showed that the XRP price can reach double digits by 2026. The analyst’s accompanying chart showed that the first double digits target for XRP will be $15, after which the crypto could eventually rally to $28. Behdark also provided more insights into XRP’s current price action and why this rally could happen.
First, the analyst mentioned that the XRP price looks to be currently within a running triangle. In line with this, Behdark remarked that wave D might complete its movement by hunting the all-time high (ATH) at $3.84. He mentioned that there could be a price correction for wave E afterward.
Once that XRP price correction happens, Behdrak predicts the next move will be the post-pattern movement targeting a level above $15. This is where the price target of $28 comes into the picture, as the analyst’s accompanying chart shows it is a feasible target for the crypto, although it might not happen in this market cycle.
An XRP price rally to $28 would mean that the crypto would have a market cap of $2.8 trillion. However, Behdrak suggested that this was still feasible. He noted that his focus was on chart analysis and not fundamentals, even though fundamentals are reflected in the chart itself.
Meanwhile, the analyst told market participants that if a clear and identifiable pattern emerges when the XRP price reaches wave E of the triangle, they could position themselves for the main move to double digits.
A Confirmation Of This Double Digit Target
Crypto analyst Dark Defender also recently shared an Elliot Wave theory analysis, which showed that the XRP price could indeed reach double digits. Specifically, the analyst’s accompanying chart showed that XRP could rally as high as $18 when the wave 5 impulsive move occurs.
Interestingly, unlike Behdark’s chart, which showed that the rally to double digits would happen in 2026, Dark Defender’s chart showed that the rally to $18 could happen as early as mid-2025. Meanwhile, the analyst said that the XRP price is currently in the third wave, with the crypto expected to rally to $5 when this next impulsive move occurs.
Afterward, the XRP price is expected to witness a corrective move that will cause it to drop to as low as $4. The next impulsive move after this could send XRP to the $18 target.
At the time of writing, the XRP price is trading at around $1.55, up over 10% in the last 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
Can the SAND Token Price Rally Be Sustained?
Senator’s Bold Proposal To Replenish US Reserves
Token Unlocks to Watch Next Week: AVAX, ADA and More
Is the XRP Price Decline Going To Continue?
AI Company Invests $10 Million In BTC Treasury
Bitcoin Correction Looms As Analyst Predicts Fall To $85,600
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
Coinbase cbBTC Set to go Live on Solana
-
Altcoin12 hours ago
BTC Continues To Soar, Ripple’s XRP Bullish
-
Market23 hours agoWhy BTC Miners Are Selling Their Coins
-
Market21 hours agoKraken Eyes Token Expansion as Trump Promises Crypto Support
-
Altcoin21 hours agoXRP Price To $28: Wave Analysis Reveals When It Will Reach Double-Digits
-
Market20 hours agoXRP To Hit $40 In 3 Months But On This Condition – Analyst
-
Market9 hours agoWhy a New Solana All-Time High May Be Near
-
Market19 hours agoExploring Hottest New Coins: FINE, CHILLGUY, and CHILLFAM
-
Bitcoin17 hours agoBitcoin Price To $100,000? Here’s What To Expect If BTC Makes History
✓ Share: