On-chain data analytics provider Lookonchain tweeted that an anonymous whale address deposited 427 billion PEPE ($8.5 million) on Kraken in the last 30 hours. The address now holds 1 trillion PEPE ($18.4 million) and has an unrealized profit of around $2 million. The price of PEPE has seen a significant increase in recent weeks, rising from $0.007 to $0.018. The token is currently ranked 327th on CoinMarketCap with a market capitalization of $22 million. PEPE is a meme token that features the popular Pepe the Frog character. The token was created in 2016 and has since gained a following among cryptocurrency enthusiasts and Pepe meme fans. The recent deposit of a large amount of PEPE on Kraken suggests that there is growing interest in the token. It remains to be seen whether this interest will continue and lead to a further increase in the price of PEPE.