A major event unfolded today, May 23, with a significant accumulation of Pepe coin by a whale investor, boosting the already bullish trend of the frog-themed meme token. Despite concerns of a potential correction, this whale's massive accumulation has stirred opposing sentiments in the market. According to data from LookOnChain, a whale address purchased an astonishing 390.56 billion PEPE from Binance exchange today, following up on a previous purchase of 982.56 billion PEPE in less than two days, amounting to $13.6 million. This frenzy reflects growing confidence in PEPE's potential for further gains. Moreover, PEPE hit an all-time high today at $0.00001467, surpassing Internet Computer (ICP) in market rankings with a value exceeding $6 billion. Despite some sizable liquidations totaling $6.20 million in the past 24 hours, PEPE has maintained its upward trajectory, currently trading at $0.0001371, with a 24-hour low and high of $0.00001306 and $0.00001467, respectively.
