Pepe Coin Hits New ATH As Smart Moneys Shift 250.5B PEPE, What’s Next?

Pepe Coin Emerges as a Smart Money Favorite

Pepe coin has solidified its position as a leading cryptocurrency within the meme coin sector, recently reaching a new all-time high (ATH). Despite the broader market's volatility, the token has defied expectations and surged to unprecedented levels.

Smart Money Traders Fuel Pepe's Momentum

Amidst this substantial upward momentum, Pepe coin has gained traction among Smart Money traders, experienced individuals who often generate significant profits from crypto trading. On-chain data indicates that approximately 250.5 billion PEPE was transacted by Smart Money addresses during the token's recent ATH.

Speculation and Potential

This activity has ignited speculation among investors, who are now considering the potential for future gains from the meme coin.

Smart Money Addresses Shuffle Pepe Coin: Key Details

According to data from on-chain analytics platforms, 250.40 billion PEPE was moved within the past 24 hours. Notably, these transfers involved both accumulations and dumps by Smart Money traders.

• A Smart Money address (0x37...) accumulated 406.74 million PEPE from Binance, a leading cryptocurrency exchange.
• Conversely, another Smart Money address (0x647...) sold 250 billion PEPE to the same exchange.

Long-Term Potential

It is noteworthy that the address 0x647 accumulated PEPE shortly after its launch. The initial accumulation of 475 billion PEPE with 0.51 ETH has since resulted in the address selling 468 billion PEPE, yielding a return on investment (ROI) of 2084x. This address still holds a substantial amount of PEPE (7.25 billion coins), suggesting that the investor anticipates further appreciation in the token's value.