4 Trillion whale move helps PEPE to print greens

The Meme Crypto Sector Rebounds

Over the past 24 hours, the meme crypto sector has experienced a modest recovery, with major digital assets displaying positive indicators. This recent rally suggests both investor confidence in the market and a potential buy-the-dip opportunity for crypto whales.

Crypto Whales Accumulate PEPE

Data from WhalesAlert reveals that a crypto whale has recently acquired a substantial amount of PEPE coins. The whale reportedly purchased 4.049 trillion Pepe (approximately $31 million) in a single transaction from Paribu.

PEPE has rebounded swiftly from its recent decline, and whales may be contributing to this recovery. Despite a temporary setback, the frog-themed meme token has gained 10% over the past 30 days, outperforming Dogecoin, the largest meme crypto, which has lost over 25% in value.

Over the past 90 days, the PEPE coin price has surged by an impressive 712%. At the time of writing, it trades at an average price of $0.000007933, although it remains 29% below its all-time high (ATH) of $0.00001074 set on March 14, 2024.

The frog-themed meme token has gained 6% over the past 24 hours, with its 24-hour trading volume declining by 5% to $1.14 billion. PEPE currently holds a market capitalization of approximately $3.38 billion, making it the third largest meme crypto.

Meme Market Recovers

The total crypto market capitalization has increased slightly over the past day, reaching $47.7 billion with a trading volume of $5.32 billion.

Dogecoin has risen by approximately 4% over the past 24 hours, trading at an average price of $0.136 at the time of writing. Its 24-hour trading volume has decreased by 36% to $1.15 billion.

Shiba Inu (SHIB) has also experienced a similar trend. SHIB has gained 3% over the past 24 hours but has lost 8% over the past week. It trades at an average price of $0.0000236 at the time of writing, with its 24-hour trading volume down by 30% to $613 million.