Meme Coin Whales Are Massively Accumulating PEPE – Will Price Keep Pumping?

PEPE Soars, Whales Take Notice

PEPE has dominated the cryptocurrency market this week, particularly in the past 24 hours, with a price surge of over 85%. The meme coin now trades at an all-time high above $0.000023, boasting a market capitalization of approximately $10 billion.

Holders Rejoice, Buyers Watch for Dips

PEPE holders are advised to rejoice in their gains. Potential investors may want to consider waiting for potential price pullbacks before making investment decisions.

Whale Accumulation Continues

Large investors ("whales") are actively accumulating PEPE, especially following announcements of listings on Coinbase and Robinhood. Six hours ago, a whale wallet transferred a substantial 197.39 billion PEPE (worth $4.8 million) from Binance.

Within the past few hours, another whale wallet acquired 751.59 billion PEPE, valued at around $17.89 million. This accumulation has contributed to PEPE's staggering 200% price increase over the past 10 days, surpassing a market capitalization of $10 billion.

Market Sentiment and Cautions

The substantial whale movements have provided PEPE with significant momentum, leading the current rally among meme coins. The combination of major exchange listings and whale accumulation indicates strong market confidence in the token.

However, traders should remember that many holders are currently holding significant profits. A temporary price pullback is a possibility at these levels before any further upward trend continuation.