Whale Wallets Scoop Up Popular Memecoin As Prices Rise

On-chain cryptocurrency data has revealed that four different whale wallets have begun accumulating significant amounts of this memecoin.

On-chain data suggests that some cryptocurrency whales are amassing large quantities of PEPE. According to data provided by Lookonchain, the whale wallet with the short address 0xa145 withdrew $3.44 million worth of PEPE tokens via Binance. Analysts estimate that this whale has so far made a profit of $2.66 million on PEPE.

Another whale, the wallet with the short address 0xa4Fd, swapped $1.09 million worth of USDC for PEPE at a price of $0.00000881.

The third whale, the wallet with the short address 0x24E3, purchased $661,000 worth of PEPE tokens at a price of $0.000008873, according to the data.

Finally, the whale with the short address 0x895f bought $885,000 worth of PEPE on Binance.

PEPE Price and Market Capitalization

At the time of writing, PEPE is trading at $0.00000852. With a market capitalization of $3.58 billion, the token currently ranks as the third-largest memecoin globally, behind Dogecoin (DOGE) and Shiba Inu (SHIB). The token’s market capitalization had peaked at around $4.20 billion. PEPE is currently trading approximately 20% below its all-time high price.