A trader who previously achieved an 886% return by investing in PEPE has reinvested in the meme coin. This trader initially bought 170 billion tokens in October 2023 and later sold for $1.77 million in July.
Recently, Etherscan data unveiled a $1.34 million purchase of 173 billion PEPE tokens by a market player, suggesting potential price hikes. Another significant buy by Ceffu added 1.48 trillion PEPE, totaling nearly 2 trillion tokens within a day.
The Daily Active Addresses (DAA) metric indicates increasing engagement with PEPE, often a bullish signal. Despite a 32.94% price drop over the last month, PEPE's rising DAA suggests a possible bottom, indicating it might be time to buy.
Currently priced at $0.0000078, PEPE shows potential for gains if it breaks resistance levels at $0.0000095. Success here could rally the price to $0.000012, but failure might see new lows around $0.0000067.
