Pepe, Worldcoin attract new whales: What’s the connection?

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PEPE has continued to trend below key lines.
WLD has also continued to bearish.

Memecoins and AI tokens have experienced divergent price trends in recent weeks.

While these two categories of cryptocurrencies have been moving in different directions, a new whale has recently shown renewed interest in accumulating a significant volume of both Pepe [PEPE] and Worldcoin [WLD].

This whale’s accumulation suggests that, despite the varying market conditions, there is still strong interest in both memecoins and AI tokens.

Whale accumulates Pepe and Worldcoin

Recent data from Etherscam revealed that a new whale address had accumulated over 297 billion Pepe, valued at more than $2 million as of press time.

Further analysis showed that this same address has also acquired 273,267 WLD, worth over $391,000.

Despite the recent decline in memecoin prices, which has been more pronounced than in 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 been experiencing a decline over the past few days.

However, in the last trading session, the chart showed a positive trend, with the price increasing by over 6%. This rise took Pepe’s price from approximately $0.0000071 to around $0.0000076.

Source: TradingView

As of this writing, Pepe has experienced a slight slip, with the price declining by 0.34%.

Additionally, the analysis indicated an impending Death Cross, where the long-moving average (blue line) is about to cross above the short-moving average (yellow line).

These moving averages are currently acting as resistance, suggesting further challenges for Pepe’s price in the near term.

Worldcoin follows Pepe’s footsteps

AMBCrypto also noted that Worldcoin had experienced a decline over the past few weeks. At press time, its Relative Strength Index (RSI) was below the neutral line, confirming that it is in a bearish trend.

Unlike PEPE, however, Worldcoin had seen a slight uptrend in the last two days. As of this writing, it is trading at around $1.4, reflecting a 0.34% increase.