Pepe Sees Changes in Whale Activity
The Pepe token, inspired by the iconic “Pepe the Frog” meme, is witnessing significant shifts in the behavior of large investors and the composition of its holders.
According to IntoTheBlock, the net flows of whales—holders with large amounts of Pepe (PEPE)—changed from a net outflow of 534 billion PEPE to a net inflow of 580 billion on December 3. This increase in interest from major players could trigger FOMO (fear of missing out) among retail investors.
Significant Whale Accumulation
An anonymous whale has accumulated and moved over 337 billion PEPE tokens from Binance, the largest crypto exchange by trading volume, over the past 20 days. These tokens are currently valued at approximately $7 million, according to a report from Lookonchain.
One of the most notable surges in net whale inflows occurred on November 14, when large holders purchased 4.7 trillion PEPE tokens at a price of $0.000023 per token. Since then, the price has consolidated below this level.
Decline in Long-Term Holders
On the other hand, medium- and long-term holders of Pepe have been decreasing. ITB data shows that the number of addresses holding PEPE for over a year dropped from 91,200 (on November 11) to 89,000 (on December 3).
Cruisers—addresses holding PEPE for one to twelve months—declined from 200,000 (on November 8) to around 89,000. Conversely, the number of active traders holding PEPE for less than a month increased by 262% over the last 30 days, reaching 72,000 unique addresses.
Price Consolidation and Future Outlook
Pepe is currently consolidating around $0.000020, with a market capitalization of $8.69 billion. Its 24-hour trading volume decreased by 1% to $3.48 billion.
Risk of High Volatility
Further price growth for PEPE will likely face resistance from short-term traders unless whales resume significant accumulation. This development pushes the meme coin into a highly volatile zone, indicating that future price movements could be swift and unpredictable.
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