Some crypto whales have been actively involved in purchasing PEPE as they gear up for an intriguing week ahead. Recent on-chain data indicates a significant increase in interest in PEPE among whales as they position themselves for the upcoming week. Despite recent volatility and bearish momentum in the market, PEPE has emerged as a favored choice for some whales.
Noteworthy PEPE Purchases by Crypto Whales
PEPE experienced a period of intense volatility and price decline over the past week. However, some whales have seen this as an opportunity to buy the dip. Several large transactions involving billions of PEPE tokens have been observed, suggesting a possible end to the downward trend. One notable example is venture capital firm Nascent accumulating 447.67 billion PEPE tokens valued at $5.48 million, making PEPE the top cryptocurrency in their portfolio.
Another significant accumulation was seen when a whale withdrew 231.6 billion PEPE totaling $2.9 million from Kraken. This continuous accumulation strategy has resulted in a total withdrawal of around 750.34 billion PEPE worth $8.34 million since March. Furthermore, a withdrawal of 303.4 billion PEPE valued at $3.8 million from Binance and OKX into two private wallets was also observed.
PEPE Showing Signs of Recovery
Despite undergoing a 21% decline in the past week, recent positive price movements suggest a potential rebound for PEPE due to the significant whale accumulation over the weekend. With the current price of PEPE at $0.00001239, showing a 0.72% increase in the last 24 hours, there is a growing optimism that the meme coin may continue on an upward trajectory throughout the week.
