🔥 memecoin pepe loving community please take note!☠️
Massive Pepe Token Accumulation by Whales Hints at Imminent Price Surge
The cryptocurrency market always attracts the attention of large investors, known as "whales". And when these whales start accumulating a particular cryptocurrency, it usually signals an impending price increase.
Recently, Lookonchain shared a post revealing that 4 different whales have purchased large amounts of Pepe (PEPE) tokens in the recent period. This is evidenced by data from Etherscan, showing that one wallet withdrew around 350 billion PEPE tokens from the Binance exchange. This withdrawal instead of selling action demonstrates the wallet owner's determination to hold this cryptocurrency.
Moreover, another investor also withdrew 101 billion PEPE tokens, worth around $885,000, from a different exchange. Historically, such large accumulation periods have often preceded strong price surges.
Data from Santiment also shows that 63.55 million PEPE tokens left exchanges on May 10th. The significant difference between the tokens flowing in and out of exchanges indicates that many investors want to hold this meme coin rather than sell it.
These signs suggest that Pepe is unlikely to experience a significant price decline anytime soon. Instead, it has the potential for an explosive rally fueled by the substantial inflow of funds from whales accumulating the token.$PEPE #memecoin