🐸🚀🚀Pepe Coin Hits New ATH As Smart Moneys Shift 250.5B PEPE, What’s Next?

Pepe coin has emerged as one of the most promising cryptocurrencies within the meme coin sector this year, recently hitting a new ATH again. The token has defied the crypto market’s expectations, rallying to unprecedented levels despite the broader market’s turbulence. As per CoinmarketCap’s data, PEPE hit an ATH of $0.00001097 today, May 14.

This has ignited a flurry of speculation among investors, who are speculating over the meme coin’s potential to offer gains in the future.

Smart Money Addresses Shuffle Pepe Coin: Here’s All To Know

According to data revealed by a couple of on-chain analytics platforms, it was pointed out that 250.40 billion #PEPE was moved in the past 24 hours. Notably, these transfers showcased Pepe coin accumulations and dumps by smart money traders in hand.

A smart money, 0x37…, was noted to have been accumulating 406.74 million PEPE from Binance, one of the world’s leading exchanges. Conversely, another smart money address, 0x647…., offloaded a whopping 250 billion PEPE to the same exchange.

It’s worth noting that the address 0x647 accumulated PEPE just one day after the coin launched. An initial accumulation of 475 billion PEPE with 0.51 ETH was recorded, with the address selling 468 billion PEPE to date with an ROI of 2084x. This address still holds considerable amounts of PEPE, worth 7.25 billion coins, hinting that the investor believes the token could pump even higher.

Whereas, the abovementioned smart money 0x37’s accumulation at a time when PEPE is already on a bull run adds to optimism on potential gains ahead.

#Memecoins #binance #altcoins