🐸🐋Pepe Whales are reportedly sitting on substantial paper profits, totaling over $90 million, since the memecoin's launch last month.

👉According to Lookonchain, the top 15 Pepe whales collectively hold gains worth $92.6 million. Despite its humorous origins and the website's disclaimer that $PEPE has no intrinsic value or expectation of financial return, these large holders have seen significant increases in value.🤠

👉The coin, inspired by the Pepe the Frog cartoon, has surged in price, benefitting early investors. The top 15 whales, who own about 9% of the total supply (over 38 trillion Pepe coins), bought in at an average price of $0.0000000853 each. With the current price around $0.00000224, they have realized a 2,526% gain according to CoinGecko data. 💰

👉Among these top holders, two have paper profits exceeding $11 million each, and others have gains ranging from $2.9 million to $6.9 million. However, one whale's address has been blacklisted, preventing any cash-out. 💵🤑

👉The rise of Pepe has been part of a broader meme coin trading frenzy. For example, 🐕Dogecoin saw increased activity when Elon Musk temporarily changed Twitter’s icon to the Doge image.🐕 Though most Pepe profits remain unrealized, Lookonchain reports that three whales have sold their tokens, securing between $1 million and $4 million. Six whales have not sold any tokens so far💨.#PEPE‏ #EarnFreeCrypto2024 #PEPE‏