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🐸🦈🦈Whales Buy 720 Billion Pepe Coin As PEPE Price Rally Over 100%
The whales have been hoarding Pepe Coins for more than a month, which has caused the price of pepe to reach all-time highs on a daily basis. According to the block data, wallet addresses over 100 thousand dollars have increased their Pepe Coin holdings in the last few days, and 100% of #PEPE holders are currently in profit.
Whales Continue To Accumulate Pepe Coins
The chain view platform reported that a whale bought 520 billion Pepe Coins on May 15, suggesting further upward movement in the PEPE price. The whale withdrew Pepe, worth $ 5.28 million, from the crypto exchange Binance.
Whale is not a trader and has been investing in tokens for a long time. He bought a total of 10 coins and never sold them. Lookonchain added that the whale has a net loss of $ 6.1 million and only 5 tokens are profitable with a 50% win rate.
In addition, a wallet address related to BlockTower Capital was purchased for $ 2.2 million through the crypto trading firm Cumberland, worth $ 202 billion. Meanwhile, the main hedge fund of BlockTower Capital was compromised by fraudsters and partially Decanted.
Pepe Coin saw huge purchases from investors when the price reached an all-time high. IntoTheBlock data revealed that 100% of PEPE traders are in profit, which indicates that whales are highly likely to sell.
PEPE Price Drops on Profit Booking
The PEPE price has fallen by 1% in the last 24 hours as the whales have booked profits, and the price is currently trading at $ 0.00001035. The 24-Hour low and high are US$0.00001004 and US$0.00001156, respectively. Also, the trading volume has decreased by 24% in the last 24 hours, which indicates that the interest among traders is Decaying.
As the whales continue to accumulate, the Pepe Coin has increased by over 100% in a month.
