Whales Pays Attention To $PEPE New Momentum And Accumulation

The $PEPE token is seeing renewed interest, with whale investors making substantial purchases in recent hours.

Major crypto whales, known for their substantial capital and market influence, are showing renewed interest in the meme-inspired token $PEPE, leading to significant buying activity on leading cryptocurrency exchanges.

According to recent blockchain data analysis, three prominent whales have withdrawn large quantities of $PEPE tokens from Binance and Gate.io, totaling over 835.6 billion $PEPE, which is valued at approximately $7.94 million at the current market price.

The largest withdrawal was made by an investor whose wallet address begins with “0x51Cc.” This whale withdrew 535.81 billion $PEPE tokens from Binance, valued at around $5.09 million. Notably, this investor has been actively accumulating $PEPE tokens throughout the year, making several withdrawals from Binance.

Two other whales also withdrew substantial amounts of $PEPE tokens. One of them, identified by wallet address “0xa586,” withdrew 163.37 billion $PEPE (worth about $1.44 million) from Binance, while the other whale, whose wallet address starts with “0xd3B0,” withdrew 135.45 billion $PEPE (valued at approximately $1.3 million) from Gate.io.

These substantial withdrawals of $PEPE tokens by major whales are likely to impact the token's price and liquidity in the coming hours or days. As we have seen in the past, such large-scale purchases of meme tokens can lead to significant price surges, especially if there is a follow-on buying interest from smaller investors.

However, it's important to note that the crypto market is highly volatile, and such price movements can be unpredictable. As always, traders and investors are advised to exercise caution and conduct their own research before making any trading decisions.