$PEPE Crypto Whales Buy $5.56 Million in PEPE Amidst the Market Dip

Crypto whales buy $5.56 million in PEPE as market dips.A single investor withdrew $2.93 million in PEPE from Binance.Analysis predict PEPE could surge 51% based on chart patterns.

Major crypto whales have capitalized on the current market downturn. They have acquired substantial amounts of the meme coin Pepe (PEPE), with transactions totaling approximately $5.56 million.

Is Pepe Poised to Surge 51%?

Spot On Chain, an on-chain analysis platform, detailed that a prominent crypto whale, identified by the wallet address 0xa14, has been particularly active.

This investor withdrew 350.2 billion PEPE, valued at $2.93 million, from the crypto exchange Binance. This transaction marks the investor’s fourth in an ongoing series, bringing their total estimated profit from this trade to $1.63 million, a 15% increase.