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.
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Altcoin
5 Key Indicators To Watch For Ethereum Price Rally To $10K
The Ethereum price has surged more than 7% recently, with recent indicators hinting towards a potential ETH rally to $10K ahead. Notably, the recent surge also indicates a bullish momentum for the crypto ahead. So, here we explore some of the top indicators that could propel an ETH price surge ahead.
5 Indicators To Watch For Ethereum Price Rally Ahead
A recent X post from top on-chain analytics platform IntoTheBlock highlighted that Ethereum often follows Bitcoin’s rallies. While mixed signals exist, certain metrics suggest optimism. The platform noted that whales continue accumulating ETH, indicating confidence in the asset’s long-term growth. Increased transaction volumes and minimal selling pressure from holders are also contributing to Ethereum’s positive outlook.
In addition, one critical indicator is daily transactions, which recently rose to 1.22 million from 1.1 million three months ago. This slight uptick reflects growing network activity and rising demand for Ethereum.
Another key metric is large holder netflow, which tracks the buying activity of whales. When whales accumulate, it reduces sell-side pressure and supports price appreciation. Short-term holder behavior also warrants attention.
Meanwhile, increased activity among short-term investors often aligns with heightened retail interest. The holding time of transacted coins is another bullish sign. A steady hold time suggests that long-term investors are retaining their assets, keeping supply constrained as demand grows.
Lastly, exchange flows reveal sentiment trends. Significant outflows from exchanges typically indicate accumulation, signaling confidence among investors.
ETH Rally To $10K Imminent?
ETH price today was up nearly 8% and exchanged hands at $3,343, while its one-day trading volume rocketed 61% to $45.19 billion. In addition, Ethereum Futures Open Interest also rose more than 13%, indicating a strong market confidence towards the crypto.
Amid this, a top crypto market expert predicts ETH price to hit $10K in the coming days, sparking market speculations. However, despite that, a recent Ethereum price analysis hints that the top altcoin should soar past the $4K mark, before its further rally.
Having said that, a flurry of crypto market experts anticipates the crypto to continue its rally in the coming days. In addition, as BTC hits a new ATH recently, the market pundits expect the altcoins to follow suit, especially amid soaring optimism towards a clear regulatory path after Donald Trump’s election win.
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.
Altcoin
Agency Reiterates “Digital Assets Securities” As XRP Eyes $2
Ripple SEC Lawsuit: The US Securities and Exchange Commission (SEC) hinted at “digital asset securities” claims amid the appeal in the Second Circuit Court. The move comes as XRP price surpassed $1 and expected a rally to $2 on Gary Gensler’s resignation and the end of XRP lawsuit during Donald Trump’s presidency.
US SEC Hints At Digital Asset Securities Claims In Ripple Lawsuit
In a PLI’s 56th Annual Institute speech last week, SEC Chair Gary Gensler reiterated “Bitcoin is not a security.” He also cleared the intention to continue considering XRP as security as he didn’t mention it along with “Bitcoin, ether, and stablecoins.”
“Our focus, rather, has been on some of the 10,000 or so other digital assets, many of which courts have ruled were offered or sold as securities. Putting this in context, aside from bitcoin, ether, and stablecoins, the rest of this market approximates $600 billion.”
Crypto lawyer James Murphy, also known as MetaLawMan slammed the US SEC for using the term “digital asset securities” again in an X post on Wednesday. Gensler and the SEC disregarded the court’s order on XRP security status in the Ripple SEC Lawsuit. This indicates that the agency failed to comply with its recent apology for using the term “crypto asset securities” in lawsuits.
Here we go again “digital asset securities.”
Unbelievable. https://t.co/vqCbEJ9PNh— MetaLawMan (@MetaLawMan) November 20, 2024
The regulator appealed the summary judgment on XRP sales by Ripple, XRP distribution to employees and others by the company, and XRP sales on exchanges by CEO Brad Garlinghouse and Executive Chairman Chris Larsen. However, the recent crypto narratives amid President-elect Trump has sparked speculation of the end of SEC v Ripple lawsuit.
Will XRP Lawsuit Get Dismissed?
The crypto community called for the dismissal of the long-running Ripple SEC lawsuit and resignation of SEC Chair Gary Gensler. Also, Ripple CEO Brad Garlinghouse said he is expecting a resolution or end of the SEC lawsuit after Trump’s win.
Ripple CTO David Schwartz cleared that the company is legally obligated to Ripple shareholders and not XRP holders. While Ripple can work around legal clarity around XRP and digital assets, the prices of digital assets don’t depend on the efforts of the company. Schwartz and lawyers assert XRP lawsuit will likely get dismissed or settled with $125 million.
Meanwhile, lawyer Bill Morgan asserted that the price of XRP is not influenced by Ripple’s efforts as seen by long-term investors. Notably, Gensler’s hint at resignation and the potential end of Ripple SEC lawsuit triggered an XRP price rally to $1.
XRP Price Rally to $2
XRP price is currently holding at 0.702 Fib retracement level. Any strong upside momentum can trigger the next move to the $1.6–$2. The strong sentiment in the XRP community and Trump’s crypto policies will maintain bullishness in the crypto market.
Popular analyst CredibleCrypto suggests XRP will probably going to make new ATH “a lot quicker than most are expecting.” XRP/ETH just reclaimed and retested a 4-year long-range in the monthly chart, which signals a 250% higher target. He predicted a target of $2.
XRP price jumped over 1% in the past 24 hours and 60% in a week, with the price currently trading at $1.13. The 24-hour low and high are $1.07 and $1.15, respectively. Furthermore, the trading volume has increased by 7% in the last 24 hours, indicating a rise in interest among traders.
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.
Altcoin
Dogecoin Whale Accumulation Sparks Optimism, DOGE To Rally 9000% Ahead?
Amid a highly bullish DOGE market witnessed recently, Dogecoin whales’ action to heavily accumulate the token has garnered significant attention among traders and investors globally. On-chain data indicates over 500 million coins were bought from crypto exchanges, signaling increased market confidence in the asset’s long-term prospects. In the wake of this market statistic amid a bull market, crypto watchers anticipate a staggering 9000% gain in the dog-themed coin’s price ahead.
Dogecoin Whale Accumulation Spikes As Over 500M Coins Bought Recently
As per an X post by the renowned crypto market analyst Ali Martinez on November 21, Dogecoin whales bagged over 550 million tokens, worth $214.5 million, from crypto exchanges over the past week. This massive purchase has put significant buying pressure on the asset, pointing out the potential for considerable upside movement ahead.
Notably, the leading dog-themed meme crypto already surfs bullish tides, primarily attributable to the broader market events. Mainly, with Elon Musk’s taking the D.O.G.E. (Department of Government Efficiency) role under Donald Trump’s cabinet, market sentiments surrounding the meme coin have turned highly bullish.
Aligning with this endeavor, a recent CoinGape Media report reveals that D.O.G.E leads Elon Musk and Vivek Ramaswamy further outlined a strategy to reduce the federal workforce under Trump’s presidency. This saga garnered significant attention to the meme coin which is also much touted by Musk. It’s noteworthy that Elon and Vivek are also starting a podcast named “dogecast.” These chronicles, in turn, bring substantial attention to Dogecoin.
Simultaneously, in light of these broader events and the massive buying pressure brought by whales, market watchers foresee a phenomenal rally ahead.
DOGE To Soar 9000% Ahead?
At press time, DOGE price gained slightly by 0.5% intraday and is resting at $0.387, amid a surge in Dogecoin whale activity. The coin’s 24-hour low and high were $0.3666 and $0.3956, respectively. Notably, the monthly chart for the meme coin showcases gains worth 173%. This bullish movement has sparked further investor curiosity despite the recent turbulent performance.
Notably, leading crypto analyst Ali Martinez further spotlights that for DOGE to finally witness a 9,000% parabolic rally, 40% to 50% corrections are sure to be expected. This bullish projection rides the back of historical trends, as the meme coin witnessed a 9,470% pump in 2017 with two major corrections of 40% and another at 84%. In addition, recent on-chain data also indicates a potential rally for top meme coins like DOGE, SHIB, and others, in the coming days.
Subsequently, the coin skyrocketed 30,700% in 2021, seeing two key pullbacks of 46% and 53%. These statements indicate substantial potential for Dogecoin to pump ahead in the light of a broader bull meme coin market, further accompanied by massive whale accumulations.
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.
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