PEPE coin has recently become a popular choice for smart money traders again. Despite the recent market fluctuations, PEPE has maintained its upward trend and successfully "went to zero" today, breaking through $0.00001, setting a new historical high, with an intraday increase of more than 11% and a market value of more than $4.5 billion. 
PEPE's trading volume reached US$2.4 billion in the past 24 hours, of which PEPE's trading volume on Binance exceeded US$1 billion.
PEPE’s record high has sparked a flurry of speculation among investors about the meme coin’s potential for future gains.
Smart Money Shopping PEPE
According to data disclosed by multiple on-chain analysis platforms, 250.4 billion PEPE were transferred on-chain in the past 24 hours. It is worth noting that these transfers show the accumulation and selling of Pepe coins in the hands of smart money traders.
Smart money address 0x37… has accumulated 406.74 million PEPE from Binance, and another address 0x647… has transferred up to 250 billion PEPE to Binance.
It is also worth reminding that some whales who hoarded PEPE in the early stage have begun to take profits.
Address 0x647 spent 0.51 ETH to accumulate 475 billion PEPE one day after PEPE went online. He deposited 250 billion PEPE (US$2.69 million) to Binance 12 hours ago and still holds 42.4 billion PEPE (US$424,000), with a total profit of US$3.96 million (+8833%).
Whale 0xa4f sold 123.7 billion PEPE about 13 hours ago and obtained 1.31 million USDC, realizing a profit of $223,000 (+20.5%) in just 3 days.
According to the monitoring of on-chain analyst @ai_9684xtpa, the smart money address that had traded PEPE for a profit of US$3.49 million and successfully escaped the top on April 10, transferred 407.7 billion PEPE from Binance again a month later, worth US$3.81 million. His accumulation at a time when the market is already in a bull market has increased people's optimism about potential future gains.
As early as last Saturday, Followin reminded users in the "Hot Trends" section ( Followin ): Multiple whales are increasing their positions in PEPE.
Coinglass's contract position data is also bullish for PEPE, with open interest soaring 14.92% to $107.51 million and derivatives volume increasing 235.45% to $2.12 billion. However, PEPE's daily RSI indicator hovers around 70, which indicates that the asset is overbought, reflecting a surge in buying pressure. The MACD indicator shows that the bullish trend of the MACD and signal lines continues as the overall demand for Meme coins grows. Therefore, the momentum indicator predicts that the bullish momentum of PEPE's price trend will increase.
Will PEPE Reach $0.000020?
With the increasing trading volume supporting the bullish trend, the PEPE price may easily stabilize above the psychological barrier of $0.000010. In this case, according to the Fibonacci levels, the uptrend may hit the 1.618 level, which is $0.000019.
On the other hand, a retest of the $0.000010 mark is possible.
