The largest Ethereum memecoin, $PEPE, experienced a further decline of 5% today. Despite this downturn, on-chain activity reveals that whales are seizing the opportunity to accumulate during the dip.
One notable whale, known for a 100% win rate over the past three months with $PEPE, has made significant moves. This whale increased his position by transferring 82.8 billion PEPE, worth $980,000, from Binance at a price of $0.00001186.
The Whale Has Accumulated Over 512 Billion $PEPE
As of June 1, this whale has accumulated a total of 512 billion $PEPE in this round of trading, with an average cost of about $0.00001399. Currently, the whale is facing a floating loss of $1.08 million, marking one of the most challenging rounds for this investor.
However, given the whale’s impeccable win rate, this accumulation might be a positive indicator for $PEPE holders, suggesting potential confidence and future gains despite the current dip.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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