A major event unfolded on May 23 as a whale made significant moves in the Pepe coin market. Despite the broader market's expectations, the frog-themed meme token, which was already experiencing a bull run, saw a massive accumulation from a whale.
On-chain analytics platform LookOnChain revealed that a whale address, 0x83768..., amassed an astounding 390.56 billion PEPE from the Binance exchange today. Over the past two days, this address purchased a total of 982.56 billion PEPE, valued at $13.6 million. This significant acquisition has stirred mixed reactions, with some speculating a potential market correction while others see it as a sign of confidence in PEPE's continued growth.
The price of PEPE reached an all-time high (ATH) of $0.00001467 today. Despite the potential for profit-taking, the market witnessed more accumulations, suggesting strong confidence from major holders. Additionally, Pepe coin's market value surged past $6 billion, surpassing Internet Computer (ICP) in the rankings.
Currently, $PEPE is trading at $0.00001371, marking a 4.85% increase in the last 24 hours. The 24-hour low and high were $0.00001306 and $0.00001467, respectively. Despite liquidations totaling $6.20 million in the last 24 hours, the meme coin's upward momentum has persisted.
