$PEPE
*PEPE is now ∼$0.0000049 / $0.0000050 — up 12–14% today, the best meme coin today.*
*Why did it rise?*
1. *Justin Sun story:* Arkham revealed yesterday that wallets linked to Justin Sun (founder of Tron) have become the largest individual whale, holding *11.85 trillion PEPE = 2.82% of the supply = ∼$51 million*
- They withdrew the tokens from Poloniex on October 17 and 26, at an average purchase price of $0.00000411, and are now up ∼$9.6 million
2. *Technically strong:* Broke through the 0.236 Fibonacci resistance at $0.00000462 and is above all moving averages (20, 50, and 200 days). RSI is at 62 — trending up and not yet overbought
3. *On-chain:* 4.77 trillion tokens left exchanges on the 16th, and the number of unique traders jumped 63% — more buyers than sellers. Futures volume is up 72% to $587M ecb6
*Levels:*
- Immediate resistance: *$0.0000050* (psychological), then $0.00000521, then $0.0000055 / $0.0000060
- Support: $0.0000046 — if it breaks, it could fall back to $0.0000041 afa2
*Risk:* Whale concentration is high; any transfer to an exchange could trigger rapid selling pressure. PEPE is still down 83% from its December 2024 peak of $0.00002829.
#CanMicrosoftDeliverOnAI
#EarningsSeason #CanGoogleDefindItsCore #FOMCWatch #RobinhoodFalls8.4%AfterItsResults
*PEPE is now ∼$0.0000049 / $0.0000050 — up 12–14% today, the best meme coin today.*
*Why did it rise?*
1. *Justin Sun story:* Arkham revealed yesterday that wallets linked to Justin Sun (founder of Tron) have become the largest individual whale, holding *11.85 trillion PEPE = 2.82% of the supply = ∼$51 million*
- They withdrew the tokens from Poloniex on October 17 and 26, at an average purchase price of $0.00000411, and are now up ∼$9.6 million
2. *Technically strong:* Broke through the 0.236 Fibonacci resistance at $0.00000462 and is above all moving averages (20, 50, and 200 days). RSI is at 62 — trending up and not yet overbought
3. *On-chain:* 4.77 trillion tokens left exchanges on the 16th, and the number of unique traders jumped 63% — more buyers than sellers. Futures volume is up 72% to $587M ecb6
*Levels:*
- Immediate resistance: *$0.0000050* (psychological), then $0.00000521, then $0.0000055 / $0.0000060
- Support: $0.0000046 — if it breaks, it could fall back to $0.0000041 afa2
*Risk:* Whale concentration is high; any transfer to an exchange could trigger rapid selling pressure. PEPE is still down 83% from its December 2024 peak of $0.00002829.
#CanMicrosoftDeliverOnAI
#EarningsSeason #CanGoogleDefindItsCore #FOMCWatch #RobinhoodFalls8.4%AfterItsResults