🐸🦈 PEPE Price Rises as Whale Hoards 4 Trillion Pepe Coins

In a bullish event in the cryptocurrency environment, a#PEPEwhale attracted worldwide attention on May 3 by accumulating a massive amount of frog-themed meme tokens. The transaction, which took place against the backdrop of a nearly 9% increase in the token's price, triggered a slowdown in optimism among crypto market participants.

Whale data gives Pepe hope

According to data from on-chain analytics platform Whale Alert, an astonishing accumulation of 4.04 trillion Pepe was recorded on May 3. The accumulation, which was accompanied by an approximately 9% increase in Pepe's price, was carried out by an unknown wallet through the cryptocurrency trading platform Paribu.

Further underscoring confidence in the asset, this massive accumulation reflects a potential bullish trajectory for the frog-themed token. At the same time, it is worth noting that if the pressure for further purchases continues, as in the trade mentioned above, the bulls could potentially take control of the token and push for additional gains.

A meme coin whale has accumulated huge amounts of Pepe Coin futures, contributing to the token's upward trend in the market. Collectively, the whale data hovering above the crypto horizon indicated a potentially continued increase in the token's price in the long term, and the on-chain data highlighted the market's uptrend at press time.