Pepe coin whale transfers 4 trillion tokens from Bybit

A massive 4 trillion PEPE token transfer from Bybit Exchange has ignited speculation about a potential price surge for the popular meme coin. The transaction, valued at approximately $29.8 million, was executed by a crypto whale, sending ripples through the PEPE community.

Source: Whale Alert

Analysts are interpreting the whale transfer as a bullish signal, suggesting that the investor may be anticipating further price increases for PEPE. Such large-scale movements from centralized exchanges often indicate growing confidence in the asset.

What’s Next for PEPE Price?

Pepe coin price at the time of writing is $0.00000739, a 6% rise in the last 24 hours, with trading volume $1,164,371,457.

Source: Coingecko

PEPE’s price has already seen a significant uptick following the whale activity, outperforming many other cryptocurrencies. The meme coin’s recent surge is further fueled by anticipation of a potential rate cut by the Federal Reserve, which could lead to increased investor appetite for riskier assets like PEPE.