#pepe Coin price surges over 14% amid growing whale accumulation.
Whale buys a lot of PEPE, reflecting bullish sentiment towards the meme coin.
Pepe Futures open interest rises, reflecting traders' growing confidence in the meme coin's future.
The price of Pepe Coin, the leading frog-themed meme coin, has gained notable traction today, as evidenced by the over 14% rise in PEPE. In particular, the increase in its price comes amid growing interest from large holders, also known as whales. Furthermore, recent derivatives data suggested that investors are also shifting their focus towards Pepe Futures, reflecting growing investor confidence towards cryptocurrencies.
Whale accumulates a lot of Pepe Coin
In recent developments, Spot On Chain, an on-chain transaction tracking platform, has shed light on significant whale activity surrounding the PEPE meme coin. According to its latest report, whales have been actively accumulating PEPE coins, indicating a notable change in market sentiment.
Spot On Chain's findings highlight a substantial withdrawal of PEPE tokens by a prominent whale identified as 0x546. The whale withdrew a staggering 331.3 billion PEPE tokens from Binance, worth approximately $2.24 million, at a rate of $0.00000675 per token.
Meanwhile, what makes this transaction particularly notable is the connection between whale 0x546 and another smart trader 0x1c6. It was revealed that both entities shared the same Binance deposit address.
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