๐๐๐ฉ๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐ฎ๐ฆ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ ๐๐ฌ ๐๐ฆ๐ข๐ ๐๐๐๐ฅ๐ข๐ง๐ ๐ข๐ง ๐๐จ๐ง๐ -๐ญ๐๐ซ๐ฆ ๐๐จ๐ฅ๐๐๐ซ๐ฌ
The Pepe ($PEPE ) token, a cryptocurrency inspired by the iconic "Pepe the Frog" meme, is witnessing notable activity shifts among its largest holders. Recent data from IntoTheBlock reveals a dramatic change in whale net flows, moving from a significant outflow of 534 billion PEPE to an inflow of 580 billion tokens as of ๐๐ฎ๐๐ฌ๐๐๐ฒ, ๐๐๐๐๐ฆ๐๐๐ซ ๐.
This surge in whale accumulation could ignite ๐ ๐๐๐ (fear of missing out) among retail investors. Lookonchain reported via X (formerly Twitter) on December 4 that an anonymous whale withdrew over 337 billion $PEPE tokens, valued at approximately $7 million, from Binance within 20 days. Such large-scale withdrawals highlight increasing interest from high-net-worth investors in this meme coin.
๐๐๐ฌ๐ฉ๐ข๐ญ๐ ๐ญ๐ก๐ข๐ฌ ๐ฐ๐ก๐๐ฅ๐-๐๐ซ๐ข๐ฏ๐๐ง ๐ฆ๐จ๐ฆ๐๐ง๐ญ๐ฎ๐ฆ, data from IntoTheBlock indicates a decline in mid- and long-term holders over the past month. Wallets holding PEPE for over a year dropped from 91,200 on November 11 to 89,000 by December 3. Similarly, medium-term holdersโthose holding PEPE for one to twelve monthsโfell from 200,000 to around 89,000 in the same period. In contrast, short-term traders surged by 262%, now representing 72,000 unique addresses.
Currently trading near $0.000020 with a market capitalization of $8.69 billion, #PEPE faces a precarious market environment. The token's 24-hour trading volume has slightly dipped by 1%, settling at $3.48 billion. While ongoing whale accumulation might sustain its bullish trajectory, heightened short-term trading activity introduces significant volatility, placing PEPE in a critical phase.
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