Are Pepe Whales Getting FOMO: They Withdrew $3.1 Million!

The price of Pepe (PEPE), one of the largest memecoins, is breaking records one after another.

According to CoinGecko data, PEPE has almost doubled in value over the past week, rising to $0.00001717 at noon today, setting a new price record.

According to Lookonchain's post, during the hours when PEPE broke its price record, two newly opened wallets withdrew a total of 182.7 billion PEPE from the OKX exchange.

According to Etherscan records, one of the whales held $1.5 million; the other holds PEPE worth $1.54 million.

Whales buying from the stock market may mean that they are suffering from FOMO (fear of missing out) and think the price will go even higher.