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The price of PEPE coin may be on its way to setting a new all-time high

The PEPE coin price made history this week and will likely make it right again as it enters June.
PEPE coin whales accumulate
The price of PEPE can benefit from the optimism shown by its holders. Holders of large portfolios aggressively accumulate after a long period of selling. The supply held by the highest non-exchange addresses increased by 2 trillion PEPE.
This offering worth more than $25 million was collected by the top non-exchange titles in a week. The changing behavior is consistent with the price action, which indicates that...
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Whales dictate price movement.
If this behavior continues, PEPE price may benefit from this.
Second, investors are motivated to remain optimistic because nearly 30 trillion PEPE is about to become profitable. According to the Global In/Out of Money Index (GIOM), 30 trillion PEPE were purchased between $0.00001300 and $0.00001800.
Given that the meme coin's all-time high is $0.00001725, PEPE will need to generate a new ATH to turn all $377 million in supply into profit. This will require significant upside from investors.
Their optimism will keep the price rising.
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The digital meem currency continues its journey to the top and may rise at such a large rate

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The price of popular meme cryptocurrency Dogecoin (DOGE) showed signs of a potential rally a week ago when it broke out of a bullish pattern. However, this potential rally has slowed amid bearish market signals but the rally has not stopped yet.

Meanwhile, Dogecoin price is expected to continue its upward trend as holders do not overload the coin. Purchases by large portfolio holders have continued since the beginning of the month. Wallets containing between $10,000 and $10 million of Dogecoin added more than $1.1 billion in value to the meme.
The price of popular meme cryptocurrency Dogecoin (DOGE) showed signs of a potential rally a week ago when it broke out of a bullish pattern. However, this potential rally has slowed amid bearish market signals but the rally has not stopped yet.

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PEPE Price: All-time high stops here
$BTC
PEPE price hit a new all-time high of $0.00001725 during daily trading hours on Monday. Over the past week, the meme token recorded an 80% surge, taking the altcoin from $0.00001000 to nearly $0.00002000.
However, due to higher profit taking, the rally may stop here. As a result, the meme coin could fall to $0.00001500. The altcoin is likely to settle above the support level at $0.00001430.
But if the rise continues, the cryptocurrency may break the $0.00001725 resistance. This would invalidate the bearish thesis and help PEPE form a new all-time high.
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Pepe may outperform Polygon (MATIC)

The rise in PEPE prices has brought the meme coin's market cap to nearly $7 billion. This is the impact of the altcoin's 80% surge in the past week, making Pepe one of the top 20 cryptocurrencies.
By doing so, the meme coin has outperformed Litecoin (LTC) and Uniswap (UNI) in terms of market cap. At some point during the day's trading high, Polygon (MATIC) was left behind, but PEPE refused to go any higher.
If the meme coin's market capitalization crosses the $7.2 billion mark, Polygon will once again lose its place to PEPE. However, the opportunities are unlikely because investors make profits.
PEPE holders tend to sell during spikes, which is also happening right now. Since investors expect prices to rise, this may also rise. This indicates that profit taking can continue, and in return, the price will take a hit.
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How did a trader make $42 million in profits from investing in just three cryptocurrencies?

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In an amazing success story, a digital currency trader was able to achieve huge profits amounting to $42 million in just one year. This is done by investing in only three digital currencies. This information was revealed by Lookonchain, a company specializing in blockchain data analysis, via the “X” platform (formerly Twitter), where it published details of the trading history of this lucky trader.
According to the Lookonchain post, the trader successfully increased his portfolio from $23 million to $65 million within one year, achieving profits of $42 million. Most importantly, the trader only used three cryptocurrencies to grow his portfolio: PEEP, ONDO, and BEAM.
$60 million in profits from PEPE coin
$5.8 million profits from ONDO coin
$1.85 million profits from BEAM coin
The hype surrounding the popular PEPE meme is understandable, but the other two currencies have not been as popular, and the demand for them is weak. Despite this, these two currencies have made millions for the trader.
$BTC $ETH $BNB

How did a trader make $42 million in profits from investing in just three cryptocurrencies?

In an amazing success story, a digital currency trader was able to achieve huge profits amounting to $42 million in just one year. This is done by investing in only three digital currencies. This information was revealed by Lookonchain, a company specializing in blockchain data analysis, via the “X” platform (formerly Twitter), where it published details of the trading history of this lucky trader.
According to the Lookonchain post, the trader successfully increased his portfolio from $23 million to $65 million within one year, achieving profits of $42 million. Most importantly, the trader only used three cryptocurrencies to grow his portfolio: PEEP, ONDO, and BEAM.
$60 million in profits from PEPE coin
$5.8 million profits from ONDO coin
$1.85 million profits from BEAM coin
The hype surrounding the famous PEPE meme is understandable, but the other two currencies have not been as popular, and the demand for them is weak. Despite this, these two currencies have made millions for the trader.
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Trader made $46 million with PEPE after hitting new ATH

Following the Pepe (PEPE) price rally to new all-time highs, a trader made a 15,718x profit in one year.
According to data provided by Lookonchain, the trader purchased a total of 4.9 trillion PEPE for less than $3,000 on April 15, 2023 — selling $2,256 worth of Timeless (LIT), $210 worth of Ethereum (ETH) and 500 USDC to buy the memecoin.
Following the Pepe (PEPE) price rally to new all-time highs, a trader made a 15,718x profit in one year.
According to data provided by Lookonchain, the trader purchased a total of 4.9 trillion PEPE for less than $3,000 on April 15, 2023 — selling $2,256 worth of Timeless (LIT), $210 worth of Ethereum (ETH) and 500 USDC to buy the memecoin.
After the massive returns, the wallet holder has sold a total of 1.41 trillion PEPE so far, worth $7.4 million.
On-chain data shows that the trader still has a total of 3.5 trillion PEPE tokens, worth roughly $38.9 million at the reporting time. The massive profits come as PEPE reached a new all-time high of $0.00001145 earlier today.

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Will PEPE's bull run continue?
Despite the surrounding euphoria, many indicators point to PEPE's upside rally being exhausted. In fact, Santiment data reveals that the supply of PEPE on exchanges is increasing, while the supply off-exchanges is declining. This indicates that some investors are starting to sell their holdings.

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In addition, after a phase of growth, the supply of PEPE in the largest titles has declined slightly in recent days. Analysis of the daily chart of PEPE also shows a decline in Chaikin Fund Flow (CMF), while the MFI and RSI are in the overbought zone.

All of these elements indicate that a price correction may be on the horizon. If confirmed, PEPE price may initially fall towards $0.0000122. At this level, a rebound is possible and a new upward rally can begin. However, a drop below this limit could take this cryptocurrency to $0.000010.

Despite PEPE's impressive rise over the past few weeks, selling pressure appears to be building on the memecoin. Although a continuation of the rally cannot be ruled out, investors should remain vigilant in the face of increasing reversal signs.