PEPE & SHIB Prices To Rally? Massive Buying Hints More Gains Ahead !!

#Binance55thProject(IO) #StartInvestingInCrypto #ETHETFsApproved #altcoins #BTC In a riveting turn of events, amidst meme coins’ turbulent price action witnessed in the past 24 hours, a whale has been recorded bagging colossal amounts of Pepe coin (PEPE) and Shiba Inu (SHIB) tokens, nabbing investor attention across the globe. On-chain insights reveal 199 billion PEPE and 37 billion SHIB were purchased recently, birthing market optimism surrounding the meme-based investment products’ future movements.

Despite the already impressive price rally taken during this year’s bull cycle, Pepe coin and Shiba Inu tokens continue to shine with optimism for future gains. This is further evidenced by the significant accumulations mentioned above. Let’s dive deeper into the current price action and on-chain stats of SHIB & PEPE.

Whale Obsessed With Meme Coins Sacks Billions

According to the on-chain insights facilitated by ‘The Data Nerd, ‘ the whale 0xa14 has withdrawn 199 billion PEPE, worth $2,9 million, from Binance, the world’s leading crypto exchange. Moreover, the same wallet address withdrew 37 billion SHIB, worth $964K, from the same exchange in another transaction.

Data reveals that within a span of 5 days, the trader has withdrawn a staggering 349 billion PEPE, valued at $5.21 million, from Binance. These accumulations have significantly tilted the whale’s portfolio towards Pepe coin, accounting for 82% of the total, worth $10.4 million. The remaining holdings include Shiba Inu, totaling $9.66 million.

This data underscores the whale’s immense confidence in the abovementioned meme-based investment products. Also, it’s worth spotlighting that the accumulation ignited bullish sentiments just when the market thought PEPE’s price had topped while the meme coins season waned.

As of writing, PEPE’s price fell 1.14% in the past 24 hours to $0.0000147, while SHIB’s price dropped 1.97% to $0.0000256.