Crypto News

Whales And Smart Dex Traders Ramp Up $PEPE Accumulation

In a significant show of confidence, whales and Smart Dex Traders (SDTs) have been actively accumulating $PEPE over the past 24 hours. Whales have bought an impressive 195.21 billion $PEPE, worth approximately $1.66 million.

Meanwhile, SDTs have added 27.21 billion $PEPE to their portfolios, totaling $204,100. As a result, $PEPE has climbed to 2nd place on the “Gems of SDTs with Good Entry” list, indicating a potentially favorable buying opportunity for traders.

One wallet in particular—0xcc9788780—has drawn attention due to its large accumulation of $PEPE. Yesterday, the wallet added 25 billion $PEPE, equivalent to $185,000, through a centralized exchange (CEX). This brings the wallet’s total $PEPE holdings to 125 billion. Notably, this is not the first time wallet 0xcc9788780 has made big moves with $PEPE. On August 26th, 2024, the same wallet purchased 100 billion $PEPE via CEX, a transaction valued at $855,000 at the time.

This wallet’s involvement with $PEPE dates back to November 11th, 2023, when it swapped 95 ETH for 151.8 billion $PEPE through a decentralized exchange (DEX), a deal worth $193,000 back then. Since then, the wallet has been quite strategic, successfully riding $PEPE’s initial surge to a $1 billion market cap, followed by its massive rally to a market cap of $4.2 billion.

With whales and SDTs continuing to build their $PEPE positions, many are wondering if another rally is on the horizon for this meme coin, as it steadily gains attention in the crypto community.

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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