- Two PEPE whales made significant purchases during the dip, including one buying 280 billion tokens worth $5 million from Binance.
- PEPE’s price hit $0.0000165, its lowest in a week, with a 19.51% loss, increasing rebound potential.
- Whale accumulation underscores strong confidence in PEPE, mirroring trends seen with Ethereum’s largest holders.
The crypto market is in the middle of a shake-up, but some PEPE whales seem to be taking full advantage. Despite $287 million in liquidations hitting the broader market, key whales are doubling down on their PEPE holdings, signaling bold moves during the dip.
Big Whale Moves
Data from Spot on Chain shows that one whale, tagged “0x8f5,” withdrew 280 billion PEPE tokens from Binance today—a whopping $5 million purchase. Another whale, “0xb1a,” spent 3.72 million USDC to acquire 200.4 billion PEPE, even after losing $1.45 million in past trades.
PEPE’s Current Struggle
Trading at $0.0000165, PEPE is down 5.81% over 24 hours, with a weekly loss of 19.51%. While these levels mark its worst performance in the top 100 cryptos, the drawdown could set the stage for a rebound.
Whale Confidence
PEPE remains a favorite among big investors, often mirroring Ethereum whale activity. This trend highlights continued faith in the meme coin’s potential, even during market-wide sell-offs.
