A large crypto investor, known as a whale, recently acquired 231.6 billion $PEPE tokens worth $2.9 million from the Kraken exchange just a few hours ago. This whale has been actively buying $PEPE tokens, with a total purchase of 750.34 billion tokens valued at $8.34 million since March 16th. The average price paid per token is $0.00001111, as reported by the blockchain analysis platform Lookonchain.
This significant investment by the whale in $PEPE tokens reflects a strong belief in the potential of this memecoin. Memecoins like $PEPE have gained popularity among large investors for their reliance on internet meme communities and enthusiasm rather than traditional financial indicators.
The continued interest from whales in $PEPE suggests anticipation of a possible surge in its price, possibly reaching all-time highs. The attention of such a major investor highlights the speculative nature of the cryptocurrency market, where major players can influence significant market movements. As a result, the crypto community is closely monitoring $PEPE to see if it will reach new highs.
Tags: $PEPE