Smart Money Flocked into pepe and Are These Major Cryptos Ahead of a Recovery?
Amid ongoing market turbulence, a ray of hope emerges for crypto investors like Pepe Coinnext to you other mother cryptocurrenciescollectors Attention smart money players. Despite the recent decline in the broader crypto market, resurrection Price of Pepe Coin Sparked optimism among investorsencouraging discussions about a potential recovery.
Meanwhile, against the backdrop of macroeconomic uncertainties, the shift in focus to Pepe Coin and other selected cryptocurrencies indicates a strategic move by investors in volatile trading conditions.
Smart Money Is Accumulating Pepe and Other Cryptocurrencies
Latest information from on-chain transaction tracking platform, chain, Emphasizing that a significant allocation has been made to Pepe Coin, shedding light on the investment strategies of smart money, with Phantom (FTM) and Maker (MKR). In particular, the disclosure of significant investments in these assets underscores a calculated bet on the potential rise of select cryptocurrencies amid market uncertainty.
Most preferred altcoins clever Investors sparked controversy in the market. Meanwhile, Lookonchain insight highlighted: clever Money, which has $23.3 million in assets, recently acquired maker (MKR), fantom (FTM) and Pepe Coin (PEPE).
For Fantom, the investor spent 726 ETH (approximately $2.26 million) on May 7, purchasing 3.18 million FTM. In previous transactions, approximately $1.67 million was earned by purchasing 3.39 million FTMs for $1.13 million and selling them for $2.8 million.
Simultaneously, 464 MKR was purchased on Maker for $1.25 million at $2,697, and 379 ETH worth $1.22 million was purchased at $2,846 for 428 MKR. Additionally, smart money invested $558,000 to buy 70 billion PEPE on May 8. These moves provide valuable insight into the altcoin market, showing trends and preferences among altcoins. clever investors.
Source: Lookonchain, X
Price and Performance Amide Recovery Signal
Smart money’s strategic move points to a bullish outlook for Pepe Coin’s future yield, despite recent market fluctuations. Especially, inclusion Pepe Coin along with Fantom (FTM) and Maker (MKR) clever Currency portfolios indicate a savvy approach to cryptocurrency investments.
The appeal of digital assets is growing as investors seek refuge from the unpredictability of traditional markets. strong its fundamentals and growth potential are becoming increasingly clear. As cryptocurrency volatility continues, strategic capital allocation This approach to Pepe Coin and other selected cryptocurrencies signals confidence in their durability and long-term value proposition.
Meanwhile, the Pepe Coin price was traded at $0.000008713 with an increase of 1.27% as of the time of writing, while the transaction volume increased by 11% to $837.59 million. On the other hand, CoinGlass data showed that Pepe Coin Open Position increased by 4.36% to 98.26 million. The increase in OI also indicates a bullish trend on meme coin in the market.
On the other hand, the Maker price decreased by 1.03% to $2,693.57, and the Fantom price decreased by 1.01% to $0.7271.
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A seasoned professional with 3 years of experience in the financial market, Rupam has honed his skills as a meticulous research analyst and insightful journalist. She enjoys exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond traditional boundaries. His contributions include breaking news, examining AI-related developments, providing real-time crypto market updates, and providing insightful economic news. Rupam’s journey is marked by his passion to demystify the intricacies of finance and deliver impactful stories that will resonate with diverse audiences.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
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