Crypto News

3 Whales purchase Pepe tokens worth over $4 million

Pepe's value has plummeted over 42% since reaching its all-time high

Pepecoin (PEPE) traders are bullish despite a recent price correction, as three whales accumulated the token earlier this week, according to on-chain analytics tool Lookonchain.

The price of PEPE fell nearly 50%, but the whales bought more tokens, with 0x50C1 withdrawing 1.4T PEPE ($2.76M) from Binance, 0x2Baa buying 212B PEPE ($429K) with 223 ETH ($412K) at $0.000001942, and 0x3AE8 purchasing 424B PEPE ($864K) with 450 ETH ($831K) at $0.000001957.

Despite the price decline, CoinGecko data shows PEPE had over $420 million in trading volume in the past 24 hours, with trading volumes shifting from Uniswap to Binance after the latter listed the tokens in its innovation zone last week.

In the past 24 hours, Binance saw over $160 million worth of pepecoin trading compared to $55 million on Uniswap, likely due to more accessibility for retail traders and significantly lower fees per trade on Binance.

DEXTools data also shows over 100,000 unique holders of Pepe tokens, indicating continued buying activity despite the price decline and a potential reversal for the meme coin in the coming weeks.


Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.