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It's Big & Big #WhaleInsights News of 357 Billion $PEPE !!!
Pepe Price: Whale Bags 357B PEPE Signaling Further Gains Ahead
A fresh whale was noted to be accumulating a staggering 357 billion PEPE from Binance today, fueling optimism as PEPE's price already traded with an upswing.
Pepe Coin has once again emerged on the radar of crypto market investors as whale data surfacing within the market illustrated a massive accumulation despite the token’s continued upward momentum.
In a post shared on X by the on-chain analytics platform Lookonchain, it was brought to attention that a staggering 357 billion PEPE was accumulated from Binance, one of the world’s leading cryptocurrency exchanges, amid a nearly 3% price upswing noted by the frog-themed meme token in the past 24 hours.
Coming in tandem with roughly 16% weekly gains for PEPE, this accumulation has further fueled a flurry of market optimism surrounding a potential sustained rising price action for the meme coin in the long run.
Here’s a deeper dive into the accumulation and PEPE’s current market statistics.
PEPE Accumulation Despite Price Upswing Stirs Optimism
According to Lookonchain’s insights, 357.34 billion PEPE, worth $2.9 million, was noted to have been accumulated by a fresh wallet address, 0x4f0178, today, May 9.
This massive accumulation by a new address has stirred speculations over the whale’s confidence in the asset’s future despite a continued rising price trajectory in recent days.
The new wallet currently holds only one token, PEPE, per data by Etherscan, a blockchain explorer.
Meanwhile, a recent report by CoinGape Media further spotlighted that a smart money was noted to be accumulating 143 billion PEPE, adding to the token’s optimistic buzz in the broader crypto market.
Another report shows that a staggering 4 trillion Pepe coin was accumulated earlier this month.
Collectively, the abovementioned on-chain data has ignited immense investor optimism surrounding PEPEs future price movements.