Today, May 23, saw an unexpected twist in the world of Pepe coin as a major investor, known as a whale, significantly increased their holdings. Despite Pepe coin already experiencing a strong upward trend, this new accumulation suggests potential for even higher prices.

Pepe coin, known for its meme-inspired frog theme, has surprised many by reaching unprecedented levels recently. This unpredictability has led some to anticipate a possible correction in its price. However, the whale's massive purchase has fueled optimism among investors, indicating confidence in further price increases.

According to data from LookOnChain, the whale address 0x83768... acquired an astonishing 390.56 billion PEPE tokens from Binance today alone. Over the past two days, this address has bought a total of 982.56 billion PEPE, valued at $13.6 million. Such substantial acquisitions have stirred excitement in the market, contributing to Pepe coin's bullish momentum.

Interestingly, Pepe coin reached an all-time high today, hitting $0.00001467. Instead of triggering widespread selling to lock in profits, the market witnessed increased buying activity, highlighting growing belief in the coin's potential for future gains.

Moreover, Pepe coin surpassed Internet Computer Protocol (ICP) today to achieve a market cap exceeding $6 billion. This milestone has further fueled positive sentiment surrounding Pepe coin's outlook.

As of the latest update, Pepe coin has seen a 4.85% increase in its price over the past 24 hours, currently trading at $0.00001371. Despite significant liquidations totaling $6.20 million within the same period, the coin has maintained its upward trajectory, bolstering its bullish narrative.

However, caution is advised as the Relative Strength Index (RSI) stands at 74, signaling that Pepe coin has entered overbought territory. This could potentially precede a price correction, although Pepe coin has repeatedly defied conventional market expectations.

In conclusion, while Pepe coin continues to surprise with its rapid ascent and whale-driven accumulation, investors should monitor market dynamics closely amidst signs of potential correction. The whale's confidence and the coin's recent achievements underscore a dynamic period for this meme-inspired cryptocurrency.