{"id":8089,"date":"2025-01-16T16:35:41","date_gmt":"2025-01-16T16:35:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8089"},"modified":"2025-01-16T16:35:41","modified_gmt":"2025-01-16T16:35:41","slug":"pepe-sees-800-million-volume-surge-as-wall-street-pepe-ico-closes-in-on-50m-could-whales-be-secretly-accumulating","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8089","title":{"rendered":"Pepe Sees $800 Million Volume Surge as Wall Street Pepe ICO Closes in on $50M \u2013 Could Whales be Secretly Accumulating?"},"content":{"rendered":"
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PEPE has dipped by 0.3% in the past 24 hours, with the meme token slipping back down to $0.00001732 as the crypto market gains by 1% today.<\/p>\n

This fall means that PEPE is now down by 6% in a week and by 26% in a month, although the Ethereum-based coin retains an impressive 1,300% increase in the past year.<\/p>\n

And while it has fallen today, its 24-hour trading volume stands at $800 million today, marking a 20% lift from where it was only a couple of days ago.<\/p>\n

This suggests that it could be on the brink of a new rally, with data showing that some whales have begun accumulating the coin once again.<\/p>\n

\"\"<\/a><\/p>\n

Pepe Sees $800 Million Volume Surge \u2013 Are Whales Secretly Accumulating?<\/h2>\n

$800 million isn\u2019t massive in volume terms, at least when compared to major tokens such as Bitcoin and Ethereum, which are recording volumes of $46.5 billion and $19 billion today.<\/p>\n

Yet the lift PEPE has experienced does indicate the possible beginnings of a new rally, with Lookonchain data showing that one large trader withdrew 1 trillion PEPE<\/a> (about $18.5 million) from Binance yesterday.<\/p>\n

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A whale withdrew 1.08T $PEPE<\/a>($18.49M) from #Binance<\/a> in the past 28 hours.https:\/\/t.co\/VvSBg6b5J9<\/a> pic.twitter.com\/mObAAjYBsF<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) January 14, 2025<\/a><\/p>\n<\/blockquote>\n

This is significant insofar as it seems to be the first big whale purchase of PEPE in several weeks, with last week seeing only transfers to exchanges<\/a>.<\/p>\n

And if we look at PEPE\u2019s chart today, it shows the coin hitting a bottom, implying that a resurgence is on its way.<\/p>\n

\"\"<\/a><\/p>\n

Indeed, the coin\u2019s relative strength index (purple) fell below 30 yesterday and has since returned to 50.<\/p>\n

We also see its 30-period moving average (orange) flatten out in relation to the 200-period average (orange), another sign that the selling is likely to end very soon.<\/p>\n

Based on these indicators, the market has oversold PEPE in recent weeks, so buyers are likely to begin scooping up the token at a discount, boosting its price in the process.<\/p>\n

We could see the token return to $0.000020 in the next few weeks, buoyed by the inauguration of Donald Trump.<\/p>\n

Some analysts have pointed out<\/a> that, historically, alt seasons have followed US presidential inaugurations.<\/p>\n

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PRESIDENTIAL INAUGURATION DAY
\n= ALTSEASON<\/p>\n

History tells us that every after each
\ninauguration, Altcoin market pumps.<\/p>\n

2017- Trump Inaguration= Alteason
\n2021- Biden Inauguration= Altseason
\n2025- Trump Inauguration= It\u2019s yet to
\nhappen<\/p>\n

Ignore the short term DUMP. pic.twitter.com\/3iyKSd8efq<\/a><\/p>\n

\u2014 Ash Crypto (@Ashcryptoreal) January 10, 2025<\/a><\/p>\n<\/blockquote>\n

And if such a season follows the inauguration on Monday, PEPE could even rise to $0.000025 by the end of Q1.<\/p>\n

Could Wall Street Pepe be Set to Outperform the Original PEPE?<\/h2>\n

PEPE remains 38% down from its ATH of $0.00002803 (set on December 9, 2024), so it\u2019s possible that traders may turn away from the token in the coming weeks.<\/p>\n

Some may turn to newer alternatives, with several new presale coins looking very promising right now.<\/p>\n

One of them is Wall Street Pepe (WEPE)<\/a>, a new ERC-20 token that has raised a humongous $48.4 million in its ongoing sale.<\/p>\n

This figure makes Wall Street Pepe one of the biggest presales of the past few years, and sets it up incredibly well for future growth and expansion.<\/p>\n<\/p>\n