- A PEPE whale has transferred massive quantities of PEPE to another wallet.
- The whale wallet still holds over $2.2 million in PEPE tokens.
- Analyst “Mark” on X highlighted that whales are accumulating PEPE at an alarming pace.
In the past eight to nine hours, a Pepe (PEPE) meme coin whale has been transferring large amounts of PEPE tokens from one wallet to another, suggesting that the wallet owner expects a major surge in the price of the digital asset soon.
Data from EtherScan indicates the whale has initiated several major transactions in the past 8-9 hours, transferring PEPE tokens from wallet “0xB9…bce3d” to “0x23…3507c” suggesting increased bullish sentiment from the whale.
The whale sent 98 million PEPE ($3,363) across four separate transactions to the other wallet while receiving 249.97 billion PEPE tokens ($2.27 million) from Binance over nine days ago.
Whale Accumulates as Retail Sells, Analyst Points to Volatility Spike
Based on the current PEPE price of $0.00000908, down almost 5% in the past day as per CoinMarketCap data, the whale still holds $2.2 million in PEPE. While the meme token is down 67.92% from its all-time …
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