Whales Dey Load PEPE Amid Accumulation Triangle Consolidation
PEPE jump 10% inside 24 hours as whale wallet dey add their holding dem. The memecoin dey trade now for $0.00001157 inside one symmetrical triangle wey don form since May, wey mean say e still dey consolidate. Top 100 PEPE addresses boost their balance by 1.5% this month, as one big whale withdraw $2 million PEPE from Binance and e now hold 1.31 trillion tokens at average cost $0.00001683, wey mean say e get $7.25 million paper loss. Spot trading na im cause the recent pump, and Futures Taker CVD still dey neutral for three months. Volume no strong enough for breakout; if e move pass $0.00001366, e fit trigger bull rally, but make derivatives dem participate pass before gains fit last.
Bullish
Whale gather plus 1.5% increase by top PEPE addresses dey usually happen before bullish breakout, e dey resemble past memecoin rallies like DOGE and SHIB. The 10% price jump and renewed on-chain demand show say interest dey grow. But PEPE still dey inside accumulation triangle, meaning short-term consolidation dey happen. If e break above $0.00001366, e go confirm bullish momentum, but neutral derivatives metrics mean say traders dey wait for clearer signals. For long term, steady whale support and more derivatives participation fit push PEPE reach new heights, support bullish outlook.