The crypto community is buzzing about a whale who has bought a substantial amount of the $PEPE meme coin. According to Lookonchain, two wallets owned by the same whale spent $4.89 million to purchase 190.14 billion $PEPE tokens in just six hours. The average price per coin was $0.00002572. This accumulation reflects growing investor interest in $PEPE, a meme coin that has gained popularity since its launch earlier in 2024. While meme coins are known for volatility, whale activity is seen as a positive sign for retail traders and indicates confidence in the token's potential for further growth. Market observers will be watching closely to see if this activity represents a long-term investment or a temporary speculative play, but it underscores the ongoing appeal of meme coins in the crypto sector.
- Content Editor ( blockchainreporter.net )
- 2024-12-09
Meme Coin Whales Accumulate $PEPE Tokens in a Massive Buying Spree