Monday saw a 30% surge in the PEPE price, which is most likely due to whale buildup.

As the meme currency peaked at $0.00000755 on Monday, PEPE pricing gave holders gains in the double digits for the day.

Binance is seeing a buildup of PEPE holdings from large wallet investors; two "whales" purchased more than 840 billion PEPE today.

Active addresses and network growth reached a six-month high, and PEPE's on-chain indicators support the price surge of the meme currency.

On Monday, PEPE—one of the biggest meme currencies in the crypto ecosystem—saw growth of double digits. A few hours ago, the price of the meme coin jumped to $0.00000755, and whales are buying up the frog-themed cryptocurrency.

Whales buy up meme currency tokens by the billions, sending PEPE's price soaring.

Big wallet addresses have been amassing PEPE at a rapid pace as of late, according to data from crypto intelligence tracker Lookonchain. On Monday morning, a whale removed 184.4 billion PEPE tokens, which were valued $1.02 million at the time, from Binance. An unrealized gain of fifteen thousand dollars is resting with the corporation.

Lookonchain saw that other whales were doing similarly. A whale wallet spent around $5 million (840.86 billion PEPE tokens) on Binance, while another wallet spent $2 million (340.86 billion PEPE tokens) using stablecoins.

A possible factor in PEPE's recent increases is the collection of whales. The price surge of the meme currency is supported by on-chain measures. The data for PEPE's network growth and active addresses are pointing to a possible prolonged price increase for the meme currency.

Even though large-scale investors have taken big profits, the PEPE price has recovered. At the time of writing, PEPE investors had recorded gains of $37.06 million on March 3 and losses of $34.09 million on March 4, according to the Network Realized Profit/Loss statistic, which records the net profits or losses realized by an asset's holders.

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