Whale buys $2.9 million PEPE despite 25% correction

Also Read: Pepe and Bonk Prices Fall As Traders Eye New Meme Coin Opportunity

Massive purchases by the whale coincide with an important correction of frog themed crypto. The price of the asset is down by 16.2% according to the weekly charts and almost 25% on the 14-day charts. Memecoin’s price is down 16.2% on the weekly chart, but up 1.9% daily and 44.6% compared to the prior week.

Also Read: Cryptocurrency: Pepe Coin Investor Makes $5.3 Million in Just 6 Months

Pepe is a cryptocurrency that has shown incredible growth since its debut last year. This asset, which is amongst the top-performing cryptos, recently achieved an all-time-high of $0.00001717. Since then, the memecoin has fallen in price by about 26%.

PEPE will reclaim the all-time record.

Many analysts predict that the memecoin with a frog theme will gain momentum in the near future, despite the recent correction. CoinCodex predicts that PEPE’s new high will be reached on 16 June 2024. The platform also predicts that the memecoin will reach $0.00004180 by July 8, 2024. This is a 231.2% increase.

Changelly The next few weeks also show a positive outlook for this memecoin. PEPE is expected to reach a new high of $0.0001809 by June 16, 2024. Changelly also predicts that the asset will surpass the $0.00004 threshold next month and reach $0.00004141 by July 7, 2024.

Also Read: PEPE is Now the Most Profitable Meme Coin Ahead of SHIB & DOGE

Pepe and other memecoins such as Bonk, dogwifhat, Flolki, etc. have experienced incredible growth in the last few months. Memecoins outperformed top projects in a big way. Solana’s memecoins in particular have experienced a fantastic year.