In the past 24 hours, Smart Dex Traders have been accumulating significant amounts of $PEPE, purchasing a total of 235.85 billion tokens, worth approximately $2.22 million.
This surge in buying activity has coincided with $PEPE breaking through a key resistance level, signaling potential for further upward momentum.
🚨Unusual buying of $PEPE by Smart Dex Traders
In the last 24 hours, Smart Dex Traders bought 235.85B $PEPE (~$2.22M). Currently, the price of $PEPE has broken important resistance level.
What about Smart Money and Whales?
➡️Get Pro | Pro+ to catch the earliest signals, just… pic.twitter.com/B0lF0N1gid
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September 27, 2024
One notable transaction involved the creation of a new wallet, which withdrew 121.7 billion $PEPE ($1.06 million) from Binance and 421.74 billion $MOG ($599,000) from Bybit. This move has raised speculation among traders, especially given the timing and scale of the transaction.
Someone created a new wallet and withdrew 121.7B $PEPE($1.06M) from #Binance and 421.74B $MOG ($599K) from #Bybit in the past hour.https://t.co/R4madkDP68 pic.twitter.com/vye82FZtX9
— Lookonchain (@lookonchain) September 26, 2024
Arthur Hayes Acquires $PEPE Memecoin
Adding to the excitement, prominent crypto figure Arthur Hayes, co-founder of BitMEX, has also jumped into the $PEPE frenzy. After hitting an all-time high, Hayes has shifted his focus to accumulating the memecoin.
In the last two hours, Hayes deposited 1 million $USDC to Binance, later withdrawing 24.39 billion $PEPE ($252,000) to his wallet, marking his first-ever $PEPE acquisition.
In a tweet today, Hayes fueled the hype further by hinting at a potential memecoin breakout. He tweeted, “It’s time for a memecoin breakout. I respect my $MOTHER, I $MOG like no one else, but I can’t neglect $PEPE.”
It's time for a memecoin breakout. I respect my $MOTHER, I $MOG like no one else, but I can't neglect $PEPE.
Yachtzee Bitches!😘😘😘😘😘😘
— Arthur Hayes (@CryptoHayes) September 27, 2024
As $PEPE continues to gain traction among Smart Dex Traders and influential figures like Arthur Hayes, the memecoin is becoming a hot topic in the crypto world. With $PEPE breaking resistance and big players accumulating, it remains to be seen whether this momentum will lead to another memecoin rally.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or using any service.
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