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.