Whale Accumulates $18.2 Million PEPE, Meme Coin Rallies 40%

IconCryptoNewsTerminal Staff24 May, 2024

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Whale Accumulates $18.2 Million PEPE, Meme Coin Rallies 40%

Onchain analyst ai_9684xtpa analyzed via X that "A specific whale address has been accumulating 18.23 million USD worth of PEPE as the meme coin PEPE has rallied 40% in the past 7 days." He further added that "The whale has been withdrawing a total of 1.32 trillion PEPE ($18.23 million) from Binance since the 22nd, at an average price of $0.00001378 and is currently sitting on roughly $90,000 in unrealized profit."