Ethereum Memecoin $PEPE Tumbles 5% as Whales Seize the Dip to Accumulate

The largest Ethereum memecoin, $PEPE, experienced a further decline of 5% today. Despite this downturn, on-chain activity reveals that whales are seizing the opportunity to accumulate during the dip.

The price of the leading memecoin cryptocurrency on the Ethereum network, $PEPE, is seeing an additional 5% drop today. Despite this decline, on-chain activity reveals that whales are taking advantage of the opportunity to accumulate during the decline.

Among the notable whales, which are known for their 100% win rate over the past three months with $PEPE, have made significant moves. This whale increased its position by transferring 82.8 billion PEPE coins, worth $980,000, from the Binance platform at a price of $0.00001186.

The whale accumulates more than $512 billion in $PEPE

And by June 1, this whale had accumulated a total of $512 billion worth of $PEPE in this round of trading, with an average cost of around $0.00001399. The whale is currently facing a floating loss of $1.08 million, representing one of the most challenging rounds for this investor.

However, given the whale's track record of winning, this accumulation could be a positive sign for $PEPE holders, indicating potential confidence and gains. Futuristic despite the current decline.

Disclaimer: This is not trading or investment advice. Always do your own research before purchasing any cryptocurrency or investing in any services.

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News source：https://www.kdj.com/cryptocurrencies-news/articles/ethereum-memecoin-pepe-tumbles-whales-seize-dip-accumulate.html

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