Whales Accumulate Pepe Coin, Boosting Market Interest

Whales Accumulate Pepe Coin, Fueling Market Interest

Pepe Coin (PEPE), a meme token, has attracted significant attention in the cryptocurrency market due to its accumulation by whales. This surge in whale purchases, coupled with PEPE's integration into the Coinbase Prime platform, has driven up its price and sparked global interest.

Increased Whale Activity

According to Lookonchain, a crypto analytics firm, whale interest in PEPE has surged recently. One whale wallet, identified as "0x160...b5B," has purchased 337.09 billion PEPE worth approximately $6.92 million in the past 20 days via Binance. This buying activity has created significant upward pressure on PEPE's market valuation.

Growing Holder Base

The number of PEPE holders has also increased, with Etherscan data indicating approximately 334,000 addresses currently holding the token. This broad base of investors suggests sustained market interest in PEPE.

Coinbase Prime Integration

The integration of PEPE into the Coinbase Prime platform has further fueled investor interest, making it more accessible to institutional investors. The cryptocurrency currently trades at $0.00002065, up by 0.5%, with daily values ranging from $0.00001908 to $0.00002104.

Potential for Growth

CoinGape has analyzed the market and predicts that PEPE has the potential to increase in price sevenfold. This forecast is based on the accumulation of nearly 10 trillion PEPE by whales, as well as the growing demand and optimistic market conditions.

Conclusion

Pepe Coin's market performance is supported by strong whale interest and its presence on institutional platforms. Experts foresee the upward trend in PEPE's value continuing, indicating that it will continue to garner investor attention.