A whale buys 9 trillion PEPE coins; will its price rise soon?
The accumulation of 9 trillion PEPE coins coincided with important developments on its price chart.
A man sits in front of a large screen with trading candles and a whale and gold coins emerge from it
The price of PEPE coins recently witnessed a brief rise but failed to continue its upward trajectory, and the price achieved a gain of 0.77% in the past 24 hours, adding to the gains of meme coins that reached 1.57%. At the same time, a whale (large investors) accumulated 9 trillion PEPE coins, raising speculations that its price may rise again.
PEPE has breathed a sigh of relief following its recent surge in price after a 7.48% decline since last Thursday. It has been one of the hardest hit among other prominent meme coins, and its recent moves suggest that traders are increasingly engaging with it, with its trading volume reaching $500 million in the past 24 hours.
A whale is hoarding $65 million worth of PEPE coins: What’s his motive?
In a post on X on September 4, blockchain data analytics platform Whale Alert reported that an unidentified whale has moved 9 trillion PEPE
