Will the Meme Coin Frenzy Be Driven by PEPE? Whale Made a Large Purchase!

A crypto whale recently drew attention by purchasing millions of dollars worth of Pepe (PEPE).

The blockchain analysis platform Lookonchain detected a significant transaction about 12 hours ago. A massive investor with the address 0x06b3 spent $2.68 million to acquire a total of 227.8 billion PEPE. This large-scale transaction has rekindled speculation that a new wave of increases may begin in the meme coin market.

Pepe (PEPE) experienced a serious increase of 15.7% in the last 24 hours, reaching the level of $0.00001278. Its weekly rise reached 30.5%. It is believed that the large purchases by whales also played a role in this rapid value increase.

As one of the significant representatives of the meme coin frenzy, Pepe (PEPE) has been experiencing significant price movements recently. With a market value of $5.37 billion, PEPE is positioned as the 34th largest cryptocurrency in the crypto market, attracting attention with its high trading volume.

In the last 24 hours, the trading volume of PEPE reached approximately $7.94 billion. This situation once again reveals how strong investor interest in the meme coin is. Experts agree that large-scale investments could further boost the price of PEPE in the short term.