Whales switched direction from $PEPE to SHIB causing the price to increase sharply

Lookonchain, an analytics platform, recently discovered an anonymous whale transferring investments from PEPE to SHIB. Initially, this whale held 1.97 trillion PEPE tokens, worth more than 6.07 million USD. The investor sold this PEPE on Binance and earned a profit of 3.49 million USD.

The whale then bought about 75.9 billion SHIB for $893 million and transferred them to an anonymous wallet. This shows investors' confidence in the potential of Shiba Inu (SHIB). Some market observers think this trend could continue, contributing to the $SHIB price increase.