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PEPE investors see 100% gains as memecoin achieves three all-time highs in just three days
- Wow! Pepe has achieved three consecutive all-time highs in the last three days!
- Exciting news – all Pepe holders are now profiting from their investment!
The Pepe [PEPE] token has been on a fantastic upward trend lately, setting new record highs consistently. This surge in price has attracted more holders, indicating a growing interest in Pepe as an asset.
Recent data shows that all holders of Pepe are currently in profit, reflecting the positive sentiment surrounding the token in the market.
Pepe Accumulation on the Rise
Recent data suggests that there is increased accumulation of Pepe happening.
According to Spot on Chain, a trader withdrew a significant amount of PEPE tokens from Binance, worth approximately $4.2 million at the time.
Source: Santiment
Additionally, analysis of the exchange flow by AMBCrypto indicated a balance between inflows and outflows, with outflows slightly exceeding inflows.
As of now, exchange inflows stand at around 1.7 trillion, while outflows are approximately 2.1 trillion, suggesting a trend of more tokens leaving exchanges despite the price increase.
Pepe Sees Growth in Holders and Profits
Looking at the holders’ chart on Santiment, there has been a significant increase in the number of Pepe holders in recent days.
Over the past five days, the number of holders has surged by over 3,000, exceeding a total of 221,000 holders currently.
This upward trend suggests a continuous influx of new investors, showcasing a growing interest in the token.
Source: Santiment
Furthermore, data from IntoTheBlock indicates that all Pepe holders are currently in profit, showing gains on their initial investment due to the token’s price rise.
Moreover, recent data from Lookonchain highlighted a significant transaction by a wallet that has been accumulating Pepe since December 2023.
During this period, the wallet invested around $1.49 million to acquire 1.4 trillion tokens.
Recently, the wallet sold 140 billion tokens, equivalent to approximately 10% of its holdings, for about $1.57 million.
Exciting News: Pepe Sets New All-Time Highs
An analysis by AMBCrypto reveals that Pepe has been hitting consecutive new all-time highs over the past three days. On the 13th of May, Pepe surged over 13% to reach an ATH of 0.0000099.
Source: TradingView
The following day, on the 14th of May, Pepe saw another remarkable increase of over 6%, hitting a new ATH of around $0.000010.
Currently, Pepe is trading at about $0.000011, achieving another all-time high with a more than 7% increase.
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Moreover, the Relative Strength Index (RSI) indicates a strong bullish trend, showing that Pepe is currently in the overbought territory, signifying significant buying pressure and positive investor sentiment about Pepe’s price trend.
