Giant PEPE Whales Accumulate 881B+ Coins: What’s Happening?
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- One whale bought 231.6B PEPE worth $2.9M from Kraken today.
- Nascent and another whale accumulated over 647 billion PEPE from Binance.
- One investor turned $494K into $5.3M within six months via PEPE.
Prominent crypto investors continue to accumulate the high-performing meme coin PEPE regardless of current market dynamics. The crypto surveillance platform Lookonchain called attention to the latest activity of a whale with wallet initials “0x689d6140.”
According to the update, this whale withdrew 231.6 billion PEPE, valued at over $2.9 million, from the U.S.-based Kraken exchange early today. The move followed a withdrawal of 36 billion PEPE from the exchange two days earlier.
Blockchain records reveal that this investor has accumulated PEPE since March, with total outbound transactions from Kraken exceeding 750.34 billion PEPE tokens, worth over $8.34 million.
Remarkably, this accumulation has continued without any sales during PEPE’s uptrend and subsequent dip. For instance, the whale purchased 123.8 billion PEPE while the meme coin traded at an all-time high in late May.
Amid significant price corrections, with PEPE’s value dropping by more t…
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