Whales, or large holders of cryptocurrencies, have been making significant gains as the #PEPE🔥🔥 cryptocurrency experiences a surge in value. Key points include:
A #cryptocurrency whale now holds 1.97 trillion PEPE valued at $2.82 million, with an estimated unrealized profit of around $240,000.
PEPE experienced a notable increase of 34.4% in value in just one day, with its market valuation standing at approximately $609 million as of June 22.
Crypto whales have been accumulating millions in #Pepecoin , suggesting bullish price action for the tokens in the coming weeks.
Three whales started to accumulate $PEPE tokens earlier this week amid a nearly 50% price cut, with one whale withdrawing 1.4 trillion PEPE ($2.76 million) from Binance when the price was $0.000002054.
Trading volumes have shifted from decentralized exchange Uniswap to crypto exchange #Binance , with Binance seeing over $160 million worth of $PEPE in the past 24 hours compared to $55 million on Uniswap.
DEXTools data shows that $PEPE token holders crossed the 100,000 unique holders mark, implying continual buying activity despite a price decline and a possible reversal for the meme coin in the coming weeks.
The largest #PEPE holders sit on unrealized profits of $4 million to as much as $9 million.
These developments indicate that whales are capitalizing on the surge in PEPE's value, accumulating more tokens and potentially benefiting from the cryptocurrency's growth.
This article is for informational purposes only and should not be considered financial advice.
