{"id":549262,"date":"2023-08-29T12:00:28","date_gmt":"2023-08-29T12:00:28","guid":{"rendered":"https:\/\/wncen.com\/?p=549262"},"modified":"2023-08-29T10:58:19","modified_gmt":"2023-08-29T10:58:19","slug":"crypto-currents-can-whale-investors-bring-pepe-back-in-action","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-currents-can-whale-investors-bring-pepe-back-in-action\/","title":{"rendered":"Crypto Currents: Can Whale Investors Bring PEPE Back In Action?"},"content":{"rendered":"

PEPE is garnering attention from major investors as the buzz surrounding the meme coin continues to grow. However, despite the increasing interest, these tokens are grappling with a persistently bearish sentiment, as their price performance remains lackluster.<\/span><\/p>\n

In an interesting turn of events, a significant number of investors are beginning to cast their gaze upon PEPE. Lookonchain’s latest report reveals a notable occurrence \u2013 a user invested 27 ETH, equivalent to $45,000, to secure a staggering 50 billion of the frog-themed token. <\/span><\/p>\n

More astonishingly, this same investor managed to acquire a jaw-dropping 5.9 trillion PEPE tokens for a mere 0.125 ETH, roughly valued at $251.\u00a0<\/span><\/p>\n

This strategic move was followed by the sale of 3.95 trillion PEPE tokens, resulting in an impressive haul of 2,505 ETH, equivalent to $4.7 million.<\/span><\/p>\n

Related Reading: MATIC Social Sentiment Slides To Negative Territory \u2013 What\u2019s The Impact On Price?<\/a><\/div>\n

Surge In PEPE Interest Amid Mixed Sentiment<\/strong><\/h2>\n

Despite the glaring positivity in terms of investor activity, the overall sentiment surrounding PEPE tokens remains less than stellar. Lookonchain’s data cited in a price <\/span>report<\/span><\/a> indicates that social mentions related to the meme coin witnessed a solid 151.3% surge.\u00a0<\/span><\/p>\n

Likewise, social engagements related to the coin also experienced a substantial uptick of 106.9% during the same period. This surge in interest could potentially pave the way for a more dynamic price movement for PEPE tokens in the future.<\/span><\/p>\n

Related Reading: Shiba Inu Price Analysis: Bearish Pattern Puts Heavy Load On SHIB Advance<\/a><\/div>\n

However, the buoyancy in social media activity was not mirrored in sentiment. Santiment, a prominent on-chain analytics firm, utilized a weighted sentiment indicator to gauge the general outlook of PEPE across various social media platforms. <\/span><\/p>\n

This indicator painted a predominantly negative picture of the meme coin’s sentiment landscape, casting a shadow over the excitement surrounding the token.<\/span><\/p>\n

<\/p>\n

PEPEUSDT trading at $0.0000054 on the daily chart: TradingView.com<\/a><\/pre>\n
Price Volatility On The Horizon<\/strong><\/h2>\n
Santiment’s analysis<\/span><\/a> also spotlighted a pivotal moment in PEPE’s journey \u2013 the transfer of a substantial 16 trillion Pepe tokens by the developers for sale on exchanges. <\/span><\/p>\n
This move thrusts Pepecoin into the spotlight as the top trending crypto topic. However, Santiment’s cautionary note echoes concerns about heightened price volatility that may lie ahead for PEPE tokens, further complicating their price trajectory.<\/span><\/p>\n
Meanwhile, PEPE is trading at a current price of $0.000000839460, with a 3.6% decline in the last 24 hours and a significant seven-day slump of 21.0%, as reported by <\/span>CoinGecko<\/span><\/a>.<\/span><\/p>\n
\n
\ud83d\udc38 If you are riding the wave of #memecoins<\/a> during these uncertain market conditions, #Pepecoin<\/a> has quickly become the top trending #crypto<\/a> topic this weekend. Former team members are accused of removing $16M. Expect even more high volatility than usual. https:\/\/t.co\/iQLD7h224s<\/a> pic.twitter.com\/UOR4sTcWwv<\/a><\/p>\n
\u2014 Santiment (@santimentfeed) August 27, 2023<\/a><\/p><\/blockquote>\n
As PEPE continues to captivate larger investors and experience a surge in social media interest, the prevailing negative sentiment and ongoing price struggles underscore the challenges facing this unique cryptocurrency.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Coin Edition<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
PEPE is garnering attention from major investors as the buzz surrounding the meme coin continues to grow. However, despite the increasing interest, these tokens are grappling with a persistently bearish sentiment, as their price performance remains lackluster. In an interesting turn of events, a significant number of investors are beginning to cast their gaze upon PEPE. Lookonchain’s latest report reveals a notable occurrence \u2013 a user invested 27 ETH, equivalent to $45,000, to secure a staggering 50 billion of the frog-themed token. More astonishingly, this same investor managed to acquire a jaw-dropping 5.9 trillion PEPE tokens for a mere 0.125 ETH, roughly valued at $251.\u00a0 This strategic move was followed by the sale of 3.95 trillion PEPE tokens, resulting in an impressive haul of 2,505 ETH, equivalent to $4.7 million. Related Reading: MATIC Social Sentiment Slides To Negative Territory \u2013 What\u2019s The Impact On Price? Surge In PEPE Interest Amid Mixed Sentiment Despite the glaring positivity in terms of investor activity, the overall sentiment surrounding PEPE tokens remains less than stellar. Lookonchain’s data cited in a price report indicates that social mentions related to the meme coin witnessed a solid 151.3% surge.\u00a0 Likewise, social engagements related to the coin also experienced a substantial uptick of 106.9% during the same period. This surge in interest could potentially pave the way for a more dynamic price movement for PEPE tokens in the future. Related Reading: Shiba Inu Price Analysis: Bearish Pattern Puts Heavy Load On SHIB Advance However, the buoyancy in social media activity was not mirrored in sentiment. Santiment, a prominent on-chain analytics firm, utilized a weighted sentiment indicator to gauge the general outlook of PEPE across various social media platforms. This indicator painted a predominantly negative picture of the meme coin’s sentiment landscape, casting a shadow over the excitement surrounding the token. PEPEUSDT trading at $0.0000054 on the daily chart: TradingView.com Price Volatility On The Horizon Santiment’s analysis also spotlighted a pivotal moment in PEPE’s journey \u2013 the transfer of a substantial 16 trillion Pepe tokens by the developers for sale on exchanges. This move thrusts Pepecoin into the spotlight as the top trending crypto topic. However, Santiment’s cautionary note echoes concerns about heightened price volatility that may lie ahead for PEPE tokens, further complicating their price trajectory. Meanwhile, PEPE is trading at a current price of $0.000000839460, with a 3.6% decline in the last 24 hours and a significant seven-day slump of 21.0%, as reported by CoinGecko. \ud83d\udc38 If you are riding the wave of #memecoins during these uncertain market conditions, #Pepecoin has quickly become the top trending #crypto topic this weekend. Former team members are accused of removing $16M. Expect even more high volatility than usual. https:\/\/t.co\/iQLD7h224s pic.twitter.com\/UOR4sTcWwv \u2014 Santiment (@santimentfeed) August 27, 2023 As PEPE continues to captivate larger investors and experience a surge in social media interest, the prevailing negative sentiment and ongoing price struggles underscore the challenges facing this unique cryptocurrency. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Coin Edition<\/p>\n","protected":false},"author":557,"featured_media":549266,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,83767,88215,4735],"class_list":["post-549262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-pepe-price","tag-price-action"],"acf":[],"yoast_head":"\nCrypto Currents: Can Whale Investors Bring PEPE Back In Action?<\/title>\n<meta name=\"description\" content=\"PEPE is garnering attention from major investors as the buzz surrounding the meme coin continues to grow. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Currents: Can Whale Investors Bring PEPE Back In Action?","url":"http:\/\/wncen.com\/news\/crypto-currents-can-whale-investors-bring-pepe-back-in-action\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-currents-can-whale-investors-bring-pepe-back-in-action\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-174.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-174.png?fit=655%2C366"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","pepe price","price action"],"dateCreated":"2023-08-29T12:00:28Z","datePublished":"2023-08-29T12:00:28Z","dateModified":"2023-08-29T12:00:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Currents: Can Whale Investors Bring PEPE Back In Action?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-currents-can-whale-investors-bring-pepe-back-in-action\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-currents-can-whale-investors-bring-pepe-back-in-action\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-174.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-174.png?fit=655%2C366\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"pepe price\",\"price action\"],\"dateCreated\":\"2023-08-29T12:00:28Z\",\"datePublished\":\"2023-08-29T12:00:28Z\",\"dateModified\":\"2023-08-29T12:00:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-174.png?fit=655%2C366","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549262"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=549262"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/549262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/549266"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=549262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=549262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=549262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}