Whales Buy 720 Billion Pepe Coin As PEPE Price Rally Over 100%

Whales have been accumulating Pepe Coin for over a month, leading to PEPE price reaching new all-time highs daily. According to IntoTheBlock data, wallet addresses holding over $100K have increased their Pepe Coin holdings in recent days, and 100% of PEPE holders are currently in profit.

PEPE price reached an all-time high of $0.00001156 today. CoinGape had recommended buying Pepe Coin when it was trading at $0.000007079 almost a month ago.

Whales Continue to Accumulate Pepe Coin

On-chain platform Lookonchain reported that a whale purchased 520 billion Pepe Coin on May 15, indicating further potential upside movement in PEPE price. The whale withdrew PEPE worth $5.28 million from crypto exchange Binance. Notably, the whale is not a trader and has held investments in tokens for an extended period. They have bought a total of 10 tokens and never sold them. Lookonchain added that the whale has a net loss of $6.1 million, with only 5 tokens profitable, resulting in a win rate of 50%.

Additionally, a wallet address associated with BlockTower Capital purchased 202 billion worth $2.2 million via crypto trading firm Cumberland. However, it is important to note that BlockTower Capital's main hedge fund has been compromised and partially drained by fraudsters.