Ethereum 
$4,643.57 PEPE, the Breast Crypto currency, attracted the attention of investors by increasing close to 17 %in the last 24 hours. The Pepe, which reached $ 1.34 billion with a 150 %increase in transaction volume, rose to 31st place with $ 5.09 billion in terms of market value. As of the time of writing, Pepe is traded for $ 0.00001235 and the 24 -hour value increase is 17.69 %.
Whale purchase stimulate the market
Lookonchain, a chain analysis platform, revealed a remarkable whale intake behind the rise in Pepe price. A newly created wallet purchased 1.52 trillion pepe token from the Kraken exchange. This was worth about $ 16 million and was recorded as one of the largest individual purchases in Pepe history. Such transactions of large investors are perceived as a positive signal for small investors. It is seen that this purchase brings many speculation of the buyer’s long -term strategy.
Effect of Altcoin Season and Technical Strengthening
The rise in Pepe coincides with the Altcoin season, according to CoinMarketcap’s Altcoin Season Index. The index was balanced from 66 %to 76 %in recent days. Bitcoin in this process 
$115,678.99 While consolidated $ 116,000, investors with high risk appetite began to turn to breast coins. Pepe has significant advantages in this period: having a loyal community, burning mechanism that reduces circulating supply and strong technical indicators. Pepe has technically confirmed the tendency to rise by overcoming resistance levels. Increased transaction volume and growing interest in social media support this rise.
On the other hand, Pepe was one of the most talked about assets on social media platforms last week. “Pepe is rising not only with technical and market trends, but also with a strong community influence,” said experts, especially during the Altcoin seasons, such beings can grow rapidly with high volatility. However, it is also emphasized that this growth can be balanced by profit sales in the short term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
