Crypto News

Whales Accumulate $PEPE: Over $11 Million Invested In 13 Hours

The market is witnessing significant activity around $PEPE as major players accumulate massive positions.

Over the past 14 hours, a veteran trader, nicknamed “The Old Man,” withdrew 375 billion $PEPE tokens from Binance, amounting to $8.98 million at an average price of $0.00002395. Following this, the tokens were redistributed across four wallets, which further purchased $152,000 worth of $PEPE directly from the blockchain. Altogether, 788.2 billion $PEPE tokens, valued at $9.13 million, were accumulated at an average price of $0.00002394.

In a similar vein, two other whale wallets have been actively building their positions. Within the last 13 hours, these whales collectively invested $11.36 million into $PEPE tokens.

– Whale Address 0x53A…63F4A: This wallet purchased 230.1 billion $PEPE tokens just two hours ago, worth $5.65 million at an average price of $0.00002455.

– Whale Address 0x51C…02623: This experienced trader, known for generating $2.42 million in profits through $PEPE trades, opened their ninth trading cycle in the past 13 hours. They accumulated $5.71 million worth of $PEPE at an average price of $0.00002379.

The surge in whale activity signals growing interest in $PEPE, with large players positioning themselves for potential gains. As the cryptocurrency market braces for further moves, these transactions suggest a strategic build-up in anticipation of a price shift.

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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