PEPE's downtrend could have ruined the strategies of traders lately, however some intriguing developments came to light according to on-chain data.
“Smart Money” is a term generally used for well-informed and experienced investors, having a better understanding of the market vis à vis retail investors. This cohort has access to a larger pool of capital and a track record of profitability.
In the latest scenario, their moves can signal a lot of things. Because of sliding PEPE prices, this particular investor probably bought the dip in hopes of bigger returns in the near term. Considering the history of memecoins, this might turn out to be a good strategy after all. The other deduction was rooted in the past actions of the trader. It was revealed that the smart money investor went into an accumulation spree in the days leading up to the memecoin’s listing on Binance.
In fact, just 12 hours before Binance’s official announcement of the listing, about 122 billion PEPE tokens were withdrawn.Going by past behavior, this action by smart money seemed to suggest that a big move for PEPE was around the corner. However, it was not clear what the trigger could be.Data from Santiment corroborated the findings made above. Most large holders of PEPE made use of the dip in prices over the last week and added on to their holdings.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Will DOGE outplay SHIB, PEPE, and FLOKI amid this speculation around…Dogecoin observes a rally as hype around X and Twitter begins to rise. Other memecoins such as SHIBA, FLOKI and PEPE fail to see the same growth.
Lire la suite »
Duclos, Blair, Anand among those moved in massive cabinet shuffleToday's cabinet upheaval greatly impacted the Greater Toronto Area. Four of the members left out were from GTA while four of the newcomers came from the region cdnpoli CabinetShuffle MORE:
Lire la suite »
Tristan Thompson and His Brother Amari Moved In With Khloé Kardashian After Their Mom’s DeathTo Khloé Kardashian, Tristan Thompson will always be family. In Thursday's season finale of Hulu's 'The Kardashians', Khloé is faced with setting aside her boundaries with her ex and the father of her two children after the sudden death of Tristan's mother, Andrea Thompson. After the Kardashian-Jenner clan celebrates the holidays together, Khloé gets the shocking news that Andrea…
Lire la suite »
Rob Shaw: Trudeau cabinet shuffle raises questions about reforms sought by EbyMany ministers moved out of portfolios of importance to the province
Lire la suite »
Oshoala seals Nigeria’s upset win over co-host Australia at Women’s World CupThe win moved Nigeria into a share of first place in Group B with Canada, both with four points.
Lire la suite »
Bluffing or not, Putin's declared deployment of nuclear weapons to Belarus raises tensionsSometime this summer, if President Vladimir Putin can be believed, Russia moved some of its short-range nuclear weapons into Belarus, closer to Ukraine and onto NATO's doorstep.
Lire la suite »