The memecoin market is buzzing as a major PEPE whale makes waves.

Wallet address 0xA17…a006F, which opened a position of 121.7 billion PEPE tokens two months ago at an average price of $0.00000873, has just made a significant move. At the time of purchase, the investment was valued at $1.06 million.

However, just two hours ago, the whale transferred the entire holding to Binance. With PEPE now trading at $0.00002639, this investor could pocket an impressive $2.15 million profit if they sell, representing a return rate of 202%.

PEPE’s meteoric rise has caught the attention of the entire crypto market. The token recently surged to 20th place in market capitalization, reaching a valuation of $10.76 billion. This milestone allowed PEPE to surpass heavyweights like Uniswap ($10 billion) and Litecoin ($9.3 billion).

Currently trading at $0.00002559, PEPE has gained 3.93% in the past 24 hours, showcasing continued bullish momentum. The token’s recent performance has been fueled by heightened interest from whales, who collectively increased their PEPE holdings by $1.14 billion yesterday alone.

As PEPE solidifies its position as a major player in the crypto space, all eyes are on the whales driving these market movements. The question remains: will this whale’s massive recharge signal further bullish sentiment, or is it the prelude to a substantial sell-off? Either way, PEPE’s rally continues to command attention from investors and enthusiasts alike.

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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