PEPE stole the show this week, especially in the last 24 hours, as the PEPE price exploded by over 85%.
The meme coin is now trading in all-time-high territory, above $0.000023, boasting a market cap of around $10 billion.
For PEPE holders – congratulations are in order. If you’re not holding any, you might want to watch for potential dips before making any investment decisions.
The big players aren’t slowing down their PEPE accumulation, especially after Coinbase and Robinhood announced they’re listing the token. Just 6 hours ago, a whale wallet “0x160f…Ab5B” moved a massive 197.39 billion PEPE (worth $4.8 million) out of Binance.
Whales continued to accumulate $PEPE after #Coinbase and #Robinhood announced the listing of $PEPE.6 hours ago, whale "0x160f…Ab5B" withdrew 197.39B $PEPE($4.8M) from #Binance.https://t.co/DdOouBzeY5https://t.co/jDudCti1dh pic.twitter.com/gh5QVglzMP
— Lookonchain (@lookonchain) November 14, 2024
The whale action didn’t stop there. Within the past few hours, another wallet loaded up on 751.59 billion PEPE, valued at around $17.89 million. This comes as PEPE has seen a mind-blowing 200% price increase over the past 10 days, pushing its market cap past the $10 billion mark.
These massive whale movements are giving PEPE some serious momentum, helping it lead the current meme coin rally. The combination of major exchange listings and heavy whale accumulation suggests strong market confidence in the token.
However, traders should keep in mind that many holders are now sitting on substantial profits. A temporary pullback before any potential continuation of the uptrend wouldn’t be surprising at these levels.
Read also: NEIRO Leads Meme Coin Gains With 56% Price Increase Last Week – New Projects To Outperform The Market
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