Pepe Price Prediction As Whale Bets Big On PEPE And This Pepe Derivative ICO Goes Ballistic

The Pepe price edged up 1% in the last 24 hours to trade at $0.000007555 as of 7:38 a.m. EST as some investors start to accumulate the frog-themed token.

This slight uptick in the PEPE price follows a large withdrawal of the meme coin from Binance.

Someone created a new wallet and withdrew 292.97B $PEPE($2.17M) and 273,267 $WLD($391K) from #Binance in the past 20 minutes.https://t.co/6fN9VpX6TX pic.twitter.com/1vvsjxP4oQ

— Lookonchain (@lookonchain) September 2, 2024

On-chain tracking platform Lookonchain flagged the massive transaction in a Sept. 2 X post, noting that a crypto whale withdrew 292.97 billion PEPE worth $2.17 million at the time to a new wallet address, suggesting the whale is a long-term holder.

The Pepe Price Challenging A Major Resistance Level

4-hour chart for PEPE/USD (Source: GeckoTerminal)

The Pepe price is attempting to overcome the major resistance level at $0.000007727. Should the meme coin overcome this technical barrier, it could have the foundation needed to continue rising in the following 24 hours. Traders might subsequently enter into a long position for PEPE, which could push the altcoin’s price to as high as $0.000008635.

PEPE getting rejected by the $0.000007727 threshold in the coming 24 hours might invalidate the bullish thesis. In this alternative scenario, the meme coin will likely test the immediate support level at $0.000007094. A break below this technical safety net could then expose the Pepe price to the risk of falling to $0.000006488 in the short term.

Technicals Suggest The Pepe Price Is Losing Its Bullish Momentum

Technical indicators on PEPE’s 4-hour chart suggest the meme coin’s short-term bullish momentum has started to cool off. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are starting to show negative signs.

Throughout the past 24 hours, RSI readings have leveled off in the high 40s. With the current reading below the crucial 50 benchmark, it seems bears have the upper hand over bulls. As such, it will be easier for sellers to push the Pepe price down in the coming 24 hours than it will be for buyers to push the altcoin’s value up during the same period.

Meanwhile, the slope of the MACD Histogram is neutral. Although the MACD line is bullishly positioned above the MACD Signal line, the level Histogram slope warns that PEPE’s current positive trend could be short-lived.

If sellers choose to capitalize on the crypto’s decreased bullish momentum, PEPE might end up falling below the $0.000007094 support.

While PEPE seems to be losing steam, investors continue to pump cash into the ICO for layer-2 meme coin Pepe Unchained (PEPU).

PEPE’s Long-Awaited Upgrade

PEPE has risen the crypto ranks to become one of the largest cryptos by market cap. However, its potential has hit a ceiling. This is mainly due to the high fees and slow processing times that PEPE investors have to deal with because of the congested Ethereum network, which PEPE currently calls its home.

Pepe Unchained (PEPU), through a dedicated layer-2 blockchain, will address the high network fees and slow times by shifting PEPE’s transaction processing work off of the Ethereum mainnet. What’s more, the project aims to introduce a launchpad for future meme coin projects. 

Investors and meme coin holders will therefore soon be able to transact at a fraction of the current costs and at speeds that are 100X faster than any Ethereum-hosted token.

Investors will also be able to seamlessly bridge their assets between the Ethereum and Pepe Unchained networks. 

With Pepe Unchained poised to become a breeding ground for future meme coins, and the project’s mission to enhance the popular PEPE token, it’s easy to see why analysts and experts are bullish on Pepe Unchained’s native PEPU token. 

One such expert is the popular crypto YouTuber ClayBro. In a video to his 130K subscribers, he predicted that PEPU has the potential to generate 100X returns for investors.

PEPU’s Presale Goes Parabolic

Pepe Unchained has raised over $11.6 million through its ongoing presale so far. Beyond the project’s meme coin appeal and the bullish predictions by crypto experts, a possible reason behind the investor frenzy could be the 173% annual yield on offer to anyone who buys and stakes PEPU at this early stage.

All investors have to do to gain access to these rewards is acquire the token via the simple buy widget embedded on the project’s official website, and then lock up the newly-purchased tokens through the staking page on the site.

LAYER 2 LOADING! pic.twitter.com/qkZiGMe91E

— Pepe Unchained (@pepe_unchained) September 2, 2024

Selling for $0.0094603, PEPU can be bought using ETH, USDT, BNB, or bank cards. Potential buyers looking to get the token at the best rate will want to act fast because the meme coin’s price is set to increase in less than 21 hours.

Purchase PEPU here before its next price increase.

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