With the meme coin market starting to recover, PEPE whales have also started to save. Meanwhile, some whales are emptying their wallets.
According to data from crypto analytics platform Lookonchain, a whale has withdrawn 337.09 billion PEPE tokens from the Binance exchange in the last 20 days. The total value of these tokens is approximately $6.92 million.
PEPE stands out as one of the meme coin projects that has attracted the attention of whales recently. Large purchases of this scale may reflect whales’ trust and long-term expectations for PEPE.
Some PEPE whales are being sold
According to data from on-chain and analytics platform Lookonchain, another whale bought 240 billion PEPE tokens at a high price of $3.64 million on May 29. However, the PEPE price dropped after this purchase.
Despite the drop in price, the whale did not panic and held onto his tokens for 6 months. This morning, he completed the transaction by selling 240 billion PEPE tokens for $4.95 million. He made a profit of $1.31 million from this sale.
Stay tuned.
