Despite the crash of meme tokens, three whale wallets have started buying up Pepe (PEPE) with funds originating from TornadoCash. The three wallets have poured $4.3 million into PEPE in the past few hours. The purchases were made with USDC and WETH after the tokens were mixed using TornadoCash. There are suspicions that the use of TornadoCash may be linked to attempts to launder stolen funds through PEPE, particularly after the recent Bybit hack. TornadoCash has seen increased activity, with some of the funds taken by the Lazarus group. The three buyer addresses are relatively new and have mostly interacted with the coin mixer. PEPE has emerged as one of the top meme tokens, gaining 8.6% following the recent whale purchase. However, PEPE's open interest has decreased, and it has lost holders in the past 30 days. Nonetheless, it is seen as capable of making a comeback amid a favorable Internet culture.



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