Journalist
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- PEPE remains below the core lines.
- WLD also remained bearish.
Memecoins and AI tokens have experienced varying price developments in recent weeks.
While these two categories of cryptocurrencies are moving in different directions, a new whale has recently shown renewed interest in accumulating significant volume of both Pepe and [PEPE] and World Currency [WLD].
The accumulation of this whale suggests that, despite varying market conditions, there is still strong interest in both memecoins and AI tokens.
Whale collects Pepe and Worldcoin
Recent data from Etherscam revealed that a new whale address had collected over 297 billion Pepe, worth over $2 million at the time of writing.
Further analysis revealed that this same address also acquired 273,267 WLD, worth over $391,000.
Despite the recent decline in memecoin prices, which was more pronounced than that of AI tokens, WLD remains caught in a bear trend.
Pepe sees a slight price increase
AMBCrypto’s analysis of Pepe on the daily time frame revealed that it has experienced a decline in recent days.
However, during the last trading session, the chart showed a positive trend, with the price increasing by over 6%. This increase brought Pepe’s price from approximately $0.0000071 to approximately $0.0000076.
Source: TradingView
At the time of writing, Pepe has experienced a slight decline, with its price falling 0.34%.
Furthermore, the analysis indicated an impending Death Cross, with the long moving average (blue line) about to cross above the short moving average (yellow line).
These moving averages are currently acting as resistance, pointing to further challenges for Pepe’s stock in the near term.
Worldcoin follows in Pepe’s footsteps
AMBCrypto also noted that Worldcoin had experienced a decline in recent weeks. At the time of writing, the Relative Strength Index (RSI) was below the neutral line, confirming that the index is in a bearish trend.
However, unlike PEPE, Worldcoin had seen a slight uptrend over the past two days. At the time of writing, the stock is trading around $1.4, reflecting an increase of 0.34%.
Source: TradingView
AI tokens have seen a significant rise in recent weeks, but WLD has not been a major player in this uptrend.
Read Pepe’s [PEPE] Price forecast 2024–2025
The recent accumulation of WLD from the new whale address suggested the belief that WLD could soon experience an upward trend.
Likewise, Pepe’s accumulation indicates expectations of a price increase after the weeks of declines.
