Why Do Traders Accumulate PEPE When the Crypto Market Stumbles?

,Wallet 0xa145 withdrew 350B PEPE tokens from Binance worth $3.44M, boasting a $2.66M profit from PEPE trades.Another wallet, 0xa4Fd, bought 123.66B PEPE for 1.09M USDC at $0.00000881, as PEPE's price rose 1.31% in the past 24 hours.PEPE's market cap reaches $3.67B, with 420T tokens in circulation. This reflects high trading volume and balanced investor interest at RSI 60.70.In recent trading hours, notable investors have strategically increased their holdings of the PEPE token, a cryptocurrency that has drawn attention for its meme-inspired branding. This trend occurs as the digital currency sees fluctuations in its valuation but remains a focal point for seasoned traders.A detailed analysis of blockchain transactions by Lookonchain revealed several large-scale acquisitions by individual investors. One such investor, operating from wallet address 0xa145, withdrew 350 billion PEPE tokens valued at approximately $3.44 million from the cryptocurrency exchange Binance on May 10 at 4:09 PM +UTC. This investor is recognized for their proficiency in swing trading, boasting a profit of approximately $2.66 million from past PEPE transactions.Read more on Cryptotale.Visit the links for more information Website | Twitter | Telegram | Instagram |