PEPE Cryptocurrency Surges, Hits All-Time High

According to data from IntoTheBlock, PEPE, the frog-themed cryptocurrency, has experienced a remarkable surge in large holder inflows, marking a 4,479% increase. This influx of funds into "whale addresses" is often seen as a positive indicator in the cryptocurrency market.

Whale Inflows Drive Optimism

The surge in whale inflows suggests strong confidence among large holders in PEPE. This optimism has fueled a wave of inflows, resulting in PEPE reaching new highs.

Significant Whale Transaction

Whale Alert reported a notable inflow of 506 billion PEPE, valued at approximately $11.4 million, transferred from Wintermute to Robinhood.

Institutional Interest Signals

The listing of PEPE on Robinhood this week may indicate institutional buying, as Robinhood has a track record of catering to institutional investors.

PEPE's Rise

Since its low of $0.0000078 on November 5, PEPE has soared by nearly 250%, reaching an all-time high of $0.0000258 on November 14. This rally has been marked by nine out of eleven green days.

Current Market Position

After encountering resistance at its all-time high, PEPE has declined slightly, currently trading at $0.0000214. However, it has gained 97% in the past seven days.

Upcoming Targets

Following its recent surge, PEPE is expected to target $0.00003 and $0.00004. Support is estimated at $0.000018 in case of a pullback.

Major Exchange Listings

PEPE's success is supported by its listings on prominent cryptocurrency exchanges, including Robinhood Crypto, Coinbase, and Upbit. These listings are expected to further enhance PEPE's market exposure and trading volume.