Big Pepe the whale surrenders.

According to data provided by blockchain analytics platform Lookonchain, a large PEPE whale surrendered early this morning, depositing 700 billion tokens ($7.8 million) into the Binance exchange.

The whale now has $9.23 million worth of PEPE left after a loss of $3.5 million.

At the time of writing, PEPE cryptocurrency is trading at $0.00001197 after gaining another 10% in the past 24 hours. However, the meme coin is still down 21% over the past month.

The meme coin sector is currently in the green after Bitcoin experienced a relief recovery. Currently, dogwifat (WIF) and Bonk (BONK) are leading the recovery with daily gains of nearly 20%.

Meanwhile, a whale that recently lost a whopping $4.6 million on the WIF token, ended up buying the token back at a higher price, according to Lookonchain.

It is worth noting that WIF is down a staggering 61% from its current all-time high of $4.83 reached on March 31. This makes it one of the hottest digital assets in the world. Digital performed worst in the meme space. By comparison, PEPE is down 32% from its March 27 peak.

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