Recently, an intriguing phenomenon has emerged in the crypto assets market: large-scale buying behavior of PEPE coin has attracted market attention. According to on-chain data, over a 24-hour period, multiple large addresses purchased a total of more than 300 billion PEPE, with a total value of about 3.5 million USD. Among them, a newly created address withdrew 15.1 trillion PEPE in a single transaction from the Kraken exchange, sparking speculation in the market.

Analysts speculate that this large-scale buying may be related to the well-known market maker Wintermute. Although Wintermute's operations this time are more discreet, the scale is surprising. It is worth noting that Wintermute has publicly listed PEPE as one of its top five Crypto Assets holdings. This behavior of transferring a large number of tokens from the exchange to cold wallets is usually interpreted as a signal for long-term holding or preparation for large-scale market-making activities.

At the same time, PEPE has also made breakthroughs on the technical front. Reports from the Nigerian market indicate that PEPE has successfully broken through the 20-day moving average, which is seen as an important technical bullish signal. Driven by this positive factor, PEPE's intraday increase reached 13.34%.

However, market analysts also remind investors to be aware of the risks. With the rapid rise in PEPE prices, selling pressure is gradually increasing, which may to some extent limit its future price increase potential. Nevertheless, most analysts remain optimistic about PEPE's subsequent performance, believing it still has upside potential.

This series of events once again highlights the high volatility and unpredictability of the crypto assets market. Investors need to remain vigilant, manage risks properly, and closely follow market trends and changes in technical indicators while participating.