PEPE & SHIB Prices To Rally? Massive Buying Hints More Gains Ahead

Whale Accumulation Propels Meme Coins: PEPE and SHIB Soar

In a captivating development, a massive whale has accumulated substantial amounts of Pepe coin (PEPE) and Shiba Inu (SHIB) tokens, sparking investor interest worldwide. On-chain data reveals the purchase of a staggering 199 billion PEPE and 37 billion SHIB tokens, fueling optimism for these meme-based investments.

Despite the impressive price appreciation experienced during the recent bull run, PEPE and SHIB continue to garner attention and anticipation of further gains. This is reflected in the significant whale accumulations mentioned above.

Whale Acquires Billions in Meme Coins

According to data from 'The Data Nerd,' a notable whale (0xa14) has withdrawn 199 billion PEPE tokens worth approximately $2.9 million from Binance. In addition, the same wallet withdrew 37 billion SHIB tokens worth approximately $964K.

Within just five days, the whale has withdrawn a jaw-dropping 349 billion PEPE tokens, valued at over $5.21 million, from Binance. These accumulations have shifted the whale's portfolio heavily towards PEPE, with 82% (worth $10.4 million) of the total holdings. The remaining 18% comprises Shiba Inu, valued at $9.66 million.

This data serves as a testament to the whale's strong belief in the potential of these meme coins. Notably, the buying spree has ignited bullish sentiment at a time when the market had begun to speculate that PEPE's price had reached its peak.

Volatility Persists Despite Accumulation

Despite the significant buying pressure from the whale, PEPE and SHIB tokens have exhibited extreme price volatility today.