Onchain Data Shows 4 Massive Whales Have Begun Hoarding This Memecoin

Onchain data revealed that some cryptocurrency whales have accumulated large amounts of PEPE.

According to data provided by Lookonchain, the whale wallet with short address 0xa145 withdrew $3.44 million worth of PEPE tokens via Binance. According to analysts, this whale has made a profit of $2.66 million on PEPE so far.

Another whale, wallet with short address 0xa4Fd, exchanged $1.09 million USDC for PEPE at $0.00000881.

The third whale, the wallet with short address 0x24E3, purchased $661 thousand worth of PEPE tokens at $0.000008873, according to the data.

The last whale wallet with short address 0x895f purchased $885,000 worth of PEPE on Binance.

At the time of writing this article, PEPE price is trading at $0.00000852. The token, which has a market value of $3.58 billion, is currently the third largest memecoin in the world, after Dogecoin (DOGE) and Shiba Inu (SHIB). The token’s market cap was around $4.20 billion at its peak. PEPE is trading approximately 20% below its all-time high price point.

*This is not investment advice.

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