Crypto whales are ramping up the accumulation of several altcoins after the US September CPI data, released on October 24. It came in cooler than expected at 3.0% versus a 3.1% forecast. The softer inflation print has lifted rate-cut expectations and renewed confidence in risk assets.
As markets price in a potential dovish shift from the Fed, whales are quietly rotating into three altcoins they expect to lead the next rally. Or at least a rebound.
Pepe (PEPE)
As markets lean toward a dovish Fed stance, whales appear to be rotating capital into select altcoins that could gain from easier liquidity — and Pepe (PEPE) is one of them. The token is up over 6%, week-on-week.
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Over the past 24 hours, Pepe whales increased their holdings from 155.75 trillion to 156.13 trillion tokens. This means adding about 0.38 trillion PEPE, worth roughly $2.7 million at the current PEPE price.
This quiet accumulation suggests that crypto whales are positioning early. More so as the probability of an October rate cut climbs above 98%, fueling expectations of broader market relief.
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On the 4-hour chart, the PEPE price has been consolidating inside a symmetrical triangle since October 13. It is a structure known to precede sharp breakouts.
A clean move above $0.0000072 could trigger a 12% rally toward $0.0000079. And that would put Pepe among the altcoins crypto whales are buying with technical conviction.
Another signal supporting this view is a possible golden crossover between the 20-period EMA (red line) and the 50-period EMA (orange line). The EMA, or exponential moving average, tracks recent price direction by giving more weight to recent candles.
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Author: Ananda Banerjee
