Why Pepe Coin Might Just Make Your Wallet Giggle

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Ah, the Pepe price, always the jester in the grand court of crypto, has pirouetted to a resistance level that could make even the most jaded investor blink in surprise. As the market tries to crawl out of its latest sulk, on-chain whispers, the enigmatic flows of “smart money,” and those technical incantations all hint at a merry dance toward $0.0000172 — the promised land, or so they say.

Pepe Coin (PEPE), that cheeky creature, leaped valiantly to $0.000009178 on a certain Wednesday, marking a handsome rise of more than 75% since its gloomy nadir. Quite the rebound, considering the grim tabloid headlines it bore earlier this year.

What’s driving this sudden popularity, you wonder? Why, the whales, those blubbery blighters of the crypto ocean, have bulked up their holdings. According to the oracle Santiment, addresses hoarding between 10 and 100 million coins have puffed up to 117,000 from a more modest 106,000 back on January 1st — a veritable smorgasbord of amphibious fortunes.

Likewise, the mid-sized minnows are no slouches, swelling their ranks from 102,000 to 127,000 holders of between 1 and 10 million coins. Remarkable growth, especially during a season when Pepe seemed about as promising as a damp toast.

Whale holders of Pepe Coin

Santiment’s figures further reveal that the whales’ coin balances skyrocketed this week. Admittedly, the trove of smart money wallets shrank a tad, but their collective hoard swelled dramatically — from 278 billion to a staggering 635 billion PEPE tokens. This spree was orchestrated by two savvy wallets, who tossed around a princely sum of $1.3 million in token acquisitions. One can only hope they’re throwing an underwater gala in celebration.

Smart money wallet activity

In the murky lore of crypto, the antics of whales and smart money wallets are dissected as though they were the subject of a Victorian scandal — because knowing who holds the chips often foretells the next grand ball or tragic collapse. Nansen’s definition of these wise walruses is wallets wielded by the shrewdest and luckiest traders; whales, meanwhile, are simply the doyens of bulk coinage.

Pepe price technical analysis

Pepe Coin price chart

A closer inspection of the daily chart reveals that Pepe’s price has been playing a little game of statue since March — perfectly still, as if holding its breath after a tumble to a key support, a depth plunge last seen in August of yore.

Now, behold the double-bottom pattern, or more poetically, the letter W, which always seems to promise a theatrical comeback. Two lows bowing before a neckline peacocking at $0.0000092, a point last saluted on March 26.

Furthermore, the coin has wriggled itself into a falling wedge, a bullish signal if ever there was one — the market’s way of whispering “cheer up.” The Awesome Oscillator, a contraption that measures market mood, has turned from dour to green-tinted optimism after crossing the zero line, reminiscent of November’s grand 160% eruption. Delightful nostalgia.

With these auspicious signs, Pepe is poised to shimmy upward, aspiring toward the lofty resistance of $0.00001725 from the halcyon days of May last year — a target roughly double its current plucky self. So, brace yourselves, dear readers: Pepe might just double your money, or at least give you a good chuckle while trying.

😏💸🐸

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2025-04-24 19:25