Pepe (PEPE), a meme coin, has experienced a significant increase in price due to bullish momentum. The rise in whale activity, with large holders accumulating more tokens, suggests potential long-term positioning and buying pressure. Despite some long-term holders taking profits, Pepe whales have continued to accumulate the meme coin. One whale deposited tokens worth $7.3 million, recording a substantial profit, while another withdrew tokens worth nearly $7 million as the price of PEPE rose. The number of large transactions has decreased slightly, but the number of addresses in profit has increased to 83%. Pepe has maintained a consolidation range in the price and has seen significant increases in value over the past week, month, and year. With a market cap of $8.69 billion and a trading volume of over $4.2 billion, Pepe is the third-largest meme coin in the market.



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