PEPE: Whales Return to Buy Memecoin; Price Surges
Whales, large cryptocurrency investors, have once again started buying PEPE, the popular memecoin that was the sensation of the first half of the year.
Two whales spent over $1.19 million to acquire PEPE tokens, according to WhaleStats, indicating that major investors are once again interested in the price fluctuations of the asset.
Based on the charts, PEPE's active addresses have consistently increased in the last 48 hours. The supply held by major addresses as a percentage of the circulating supply has increased over the weekend.
In response to the whales' purchases fueling a potential surge, PEPE's price has risen by almost 15% in a day, trading around $0.00000190.
