đ„đ„ 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 PEPEâs price fluctuates following its peak in late May.
Crypto Whalesâ 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 Nascentâs 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.
âThe 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,â it added.