Pepe Coin ($PEPE): Whale Activity Sparks Bullish Momentum
Pepe Coin ($PEPE), the third-largest meme cryptocurrency, is back in the spotlight as whales intensify their buying activity despite the token’s recent 27% dip from its annual high. Trading at $0.0000187 as of November 27, Pepe’s market cap remains robust at $7.8 billion, with a daily trading volume of $2.9 billion, second only to Dogecoin.
On-chain analytics firm Nansen reports that exchange reserves of Pepe have fallen by 1.46% this week, a clear signal of strong accumulation by long-term holders. Large investors are withdrawing their tokens from centralised exchanges, suggesting growing confidence in Pepe’s bullish potential.