Whales Accumulate $PEPE as the Market Prepares for a Potential Bull Run

In a noteworthy development for the PEPE token market, several whales have made substantial purchases and withdrawals of PEPE tokens from significant exchanges like Binance and Gate.io over the past two hours.

Several “smart whales” have made substantial purchases and withdrawals of PEPE tokens from significant exchanges like Binance and Gate.io over the past two hours, according to on-chain data and several crypto whale trackers.

The most considerable withdrawal was executed by a whale linked to wallet address “0x51Cc,” who moved a staggering 535.81 billion PEPE tokens (valued at approximately $5.07 million at the time of the transaction) from Binance. This substantial acquisition underscores a trend of whale accumulation in PEPE, suggesting renewed interest in the meme-inspired cryptocurrency.

Wallet “0x51Cc” has gained a reputation for its involvement in several noteworthy whale activities. Over the past two hours, this whale has deposited 5.5 million USDT to Binance, leading up to the withdrawal of 535.81 billion PEPE tokens. This sequence of events and the use of a known ‘whale wallet’ suggest a strategy to capitalize on potential price appreciation, as the whale appears committed to holding PEPE tokens off-exchange.

Considering PEPE’s volatility and speculative appeal, whale activity like this often signals bullish sentiment, drawing attention from retail and institutional investors.

Additional Whale Transactions: 835.6B PEPE Withdrawn from Binance and Gate.io

In addition to “0x51Cc,” two other significant wallets withdrew substantial PEPE amounts from Binance and Gate.io. Wallet “0xa586” withdrew 163.37 billion PEPE (worth around $1.44 million) from Binance, while wallet “0xd3B0” moved 135.45 billion PEPE (valued at approximately $1.3 million) from Gate.io. Altogether, these transactions amounted to 835.6 billion PEPE tokens, totalling around $7.94 million. This surge in withdrawals further amplifies the pattern of whale accumulation and reflects heightened interest in PEPE among large investors.

Notably, whale “0x51Cc” has a history of profiting from various meme tokens and altcoins, including BRETT, TUBRO, LINK, and PEPE. The whale amassed a total profit of $2.016 million with these previous trades. However, not all of their ventures have been successful; losses have been recorded on tokens such as ONDO and FLOKI, totalling $238,000. This mixed record suggests a calculated, high-risk trading approach, particularly in meme tokens known for their volatility.

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