💥🔥 Crypto whales have shown strong interest in the Pepe meme coin, purchasing over $8 million worth during a price correction.
Interestingly, this acquisition comes as PEPE’s price fluctuates following its peak in late May.
Crypto Whales’ Strategic Moves in PEPE
On-chain data reveals crypto whales bought large amounts of PEPE during the weekend. On June 7, a wallet linked to investment firm Nascent acquired 447.67 billion PEPE from Binance, totaling around $5.5 million. This move made PEPE the largest asset in Nascent’s portfolio, surpassing Maker (MKR) and Tether USD (USDT), which hold $2.98 million and $973,557, respectively.
Another significant purchase occurred on June 8. An unidentified whale bought 231.64 billion PEPE worth approximately $2.9 million from Kraken. Lookonchain reported that this transaction builds on a string of purchases.
“The whale has bought a total of 750.34 billion PEPE ($8.34 million) from Kraken at an average price of $0.00001111 since March 16,” it added.
