As market turbulence continues to plague the crypto space, a shift in focus towards PEPE Coin and other major cryptocurrencies has caught the attention of smart money investors. This strategic move signals a potential recovery in the prices of these assets.

Despite the recent downturn in the broader crypto market, the resurgence of PEPE Coin's price has sparked optimism among investors, leading to discussions about a potential recovery. Amidst macroeconomic uncertainties, the shift towards PEPE Coin and other selected cryptos indicates a calculated bet on the potential upside of these assets amidst market uncertainty.

Smart Money Accumulates PEPE & Other Cryptos

Recent insights from Lookonchain, an on-chain transaction tracking platform, reveal the smart money's investment strategies, highlighting a notable allocation towards PEPE Coin, alongside Fantom (FTM) and Maker (MKR). This disclosure underscores a strategic move by investors amidst volatile trading conditions.

The altcoins favored by smart investors have sparked discussions in the market. Lookonchain insights highlighted that smart money, holding $23.3 million in assets, recently acquired Maker (MKR), Fantom (FTM), and Pepe Coin (PEPE). For Fantom, the investor spent 726 ETH, approximately $2.26 million, purchasing 3.18 million FTM on May 7. Earlier trades involved buying 3.39 million FTM for $1.13 million and selling it for $2.8 million, earning around $1.67 million.

Simultaneously, in Maker, $1.25 million was used to buy 464 MKR at $2,697 and 379 ETH, worth $1.22 million, to buy 428 MKR at $2,846. In addition, the smart money invested $558,000 to acquire 70 billion PEPE on May 8. These moves provide valuable insights into the altcoin market, indicating trends and preferences among smart investors.

Price & Performance Amid Recovery Signal

The strategic move of the smart money suggests a bullish outlook on PEPE Coin's future performance, despite recent market volatility. Notably, the inclusion of PEPE Coin alongside Fantom (FTM) and Maker (MKR) in smart money portfolios indicates a discerning approach toward cryptocurrency investments.

As investors seek refuge from the unpredictability of traditional markets, the allure of digital assets with strong fundamentals and growth potential becomes increasingly apparent. While the cryptocurrency volatility persists, the strategic allocation of capital towards PEPE Coin and other selected cryptos signals confidence in their resilience and long-term value proposition.

As of writing, the PEPE Coin price was up 1.27% and traded at $0.000008713, while its trading volume rose 11% to $837.59 million. On the other hand, the CoinGlass data showed that the PEPE Coin Open Interest also soared 4.36% to 98.26 million. The surge in the OI also signals a bullish sentiment in the market over the meme coin.