Whales move $1.64 million PEPE as price targets $0.000005 resistance

PEPE , an Ethereum-based meme coin, climbed as much as 16% in recent trading as market demand surged. The rally attracted renewed interest from traders, but a recent $1.64 million transfer to Coinbase by a high-value holder sparked speculation about possible profit-taking among large investors. The token recently traded close to $0.0000049, coming within reach of $0.000005 earlier in the session. This move follows a period marked by elevated price swings and a return of risk appetite to the broader cryptocurrency market. Blockchain analytics platform Onchain Lens identified a whale transfer of 366.97 billion PEPE to Coinbase.

Source: CoinTurk News