The $PEPE token is seeing renewed interest, with whale investors making substantial purchases in recent hours.
One significant investor, known by wallet address “0x51c,” has made headlines by purchasing over $5 million worth of $PEPE. This smart whale deposited 5.5 million USDT into Binance, later withdrawing a massive 535.81 billion $PEPE tokens (valued at approximately $5.07 million) from the exchange.
This isn’t the first major profit move for 0x51c, who has previously secured a combined $2.016 million in gains from assets like $BRETT, $TUBRO, $LINK, and $PEPE. However, the investor has faced setbacks as well, recording a $238,000 loss from investments in $ONDO and $FLOKI.
The buying spree didn’t end there. Another whale, identified as 0xa586, withdrew 163.37 billion $PEPE tokens, worth around $1.44 million, from Binance. Similarly, whale 0xd3B0 withdrew 135.45 billion $PEPE (about $1.3 million) from Gate.io, adding to the wave of large-scale purchases of the token.
Whales are accumulating $PEPE!
In the past hour, 3 whales withdrew 835.6B $PEPE($7.94M) from #Binance and #Gateio!
0x51Cc withdrew 535.81B $PEPE($5.09M) from #Binance.https://t.co/2Bjy1s07j5
0xa586 withdrew 163.37B $PEPE($1.44M) from #Binance.https://t.co/QYR3aPhb00
0xd3B0… pic.twitter.com/UJh1YjqG0B
— Lookonchain (@lookonchain) November 6, 2024
Whales Pays Attention To $PEPE New Momentum And Accumulation
The recent accumulation activity among whales suggests rising confidence in $PEPE’s potential. With these high-profile purchases, attention has turned to $PEPE’s market movement, as such investments can often spark volatility and shifts in sentiment among smaller investors.
As these whales make their moves, many in the crypto community are watching closely to see if $PEPE will experience a price surge or if further accumulation from large investors will continue. The surge of whale interest is putting $PEPE in the spotlight, potentially signaling bullish sentiment for the meme-inspired token in the near future.
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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