Recently, memecoins and AI tokens have been moving in different directions when it comes to their price trends.
However, a fresh large investor has displayed a growing interest in acquiring a significant amount of both Pepe [PEPE] and Worldcoin [WLD].
This new accumulation by the investor suggests that, despite the fluctuating market conditions, there is still a strong interest in both memecoins and AI tokens.
Significant Acquisition of Pepe and Worldcoin by Investor
According to recent data from Etherscam, a new whale address has amassed over 297 billion Pepe, worth more than $2 million at the current press time.
In addition, the same address has also procured 273,267 WLD, equivalent to over $391,000.
Even amidst the recent dip in memecoin prices, which has been more noticeable than that of AI tokens, WLD remains under a bearish trend.
Pepe Witnessing a Mild Price Surge
An analysis by CryptoCrypto on Pepe using the daily timeframe shows a recent downward trend.
However, the last trading session displayed a positive upturn as the price surged by over 6%, elevating Pepe’s value from approximately $0.0000071 to about $0.0000076.
Presently, Pepe has encountered a slight dip with its price falling by 0.34%.
Furthermore, the analysis hinted at an imminent Death Cross, where the long-term moving average (designated by the blue line) is edging towards crossing over the short-term moving average (indicated by the yellow line).
These moving averages are presently serving as barriers, hinting at potential hurdles for Pepe’s price in the short run.
Worldcoin Tailoring Its Path After Pepe’s Lead
CryptoCrypto also observed a decline in Worldcoin’s value over the past few weeks. At the current juncture, its Relative Strength Index (RSI) is positioned below the neutral line, indicating a bearish trajectory.
However, in contrast to PEPE, Worldcoin has seen a slight upward trend in the last couple of days, trading at approximately $1.4 with a rise of 0.34%.
While AI tokens have witnessed a notable surge in recent weeks, Worldcoin has not prominently featured in this upward movement.
The recent accumulation of WLD by the new whale address implies an anticipation of a potential upward trend for WLD in the near future.
Similarly, the accumulation of Pepe suggests an outlook of a price hike following its recent weeks of downward movement.