PEPE has seen renewed whale interest with a recent accumulation of over 800 billion tokens. Will the move ignite a price rebound?
The whale wallets,to belong to a single person, recently sold 500B PEPE before grabbing more 828.8B PEPE at the recent low of $0.0000074.
by whales, per IntoTheBlock data. As such, whale moves like the aforementioned one could impact PEPE prices. Conversely, a positive MVRV reading would mean that PEPE was overvalued. Additionally, positive MVRV values also mean holders have unrealized profit and could be tempted to sell for profit.amongst memecoins over the weekend, likely due to recent whale moves. This suggested that more liquidity flowed into the memecoin, a positive catalyst for price.On the daily charts, MACD was on the verge of a bullish crossover, which could signal the start of an uptrend or recovery.
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