Crypto Whales Scoop Up Page Tokens by The Billions: Is This Meme coin The Next Big ThingCrypto whales are excited about the pepe PEPE/USD token, even though it nose-dived nearly 60% in value from its all-time highs over the last two days.
One whale withdrew a staggering 1.4 trillion pepe tokens, valued at $2.76 million, from the binance exchange when the price was $0.000001942.
A third whale acquired 424 billion pepe tokens, with a total value of $864.000, also using Ethereum as the mode of transaction, at $0.000001957, according to data shared by the on-chain analytics tool look on chain.
These large-scale investments in pepe tokens suggest that the whales may have identified an opportunity to capitalize on the digital assets’ lower prices, anticipating a potential upswing in its value. As market uncertainty continues, it remains to be seen whether their investment will pay off in the long run.
Meanwhile, the leading 15 holders of the Meme based cryptocurrency pepe coin excluding exchange and contract addresses, own a substantial portion of the total circulation.
These PEPE whales have seen significant returns on their investment, with their total profits reaching a remarkable $92.6 million.