9 Addresses Spent $13.8 Million Buying 555 Billion PEPE: Speculations on the Intention

According to BlockBeats, Lookonchain monitoring data has revealed a remarkable trading activity. In the past nearly 2 hours, 9 wallet addresses suspected to belong to the same "whale" (i.e., a large holder) spent 13.8 million DAI to purchase a staggering 555 billion PEPE. Calculations show that the average purchase price is approximately $0.000025.

Such a large-scale purchase inevitably triggers numerous speculations in the market. One possibility is that this "whale" investor is extremely bullish on the long-term potential of PEPE, believing that the current price is severely undervalued and aiming to obtain huge profits when the price soars in the future by hoarding a large amount. Another speculation is that this might be an attempt to manipulate the price trend of PEPE. By making a massive purchase, it creates the illusion of a price increase, attracting more retail investors to follow suit and then selling off at the right time. Of course, it cannot be ruled out that this is a strategic purchase operation by the project team or related interest groups to stabilize the market value of PEPE and boost market confidence.