Is the legendary Pepe Coin whale back? The whale that famously made an $11 million profit on Pepe (PEPE) is stirring up excitement again. Here's what's happening and where they're investing now.
Recent activity suggests renewed interest from large Pepe holders. Hace 1 día PEPE is trading around $0. after an 11% daily drop. Whale 0x3c9E deposited $6.47 million worth of PEPE to Binance. The whale still holds $6.41 million in meme, indicating a possible profit-taking strategy followed by continued holding.
This comes amid a fluctuating market. Just recently, Two whales make significant purchases of Pepe (PEPE) coins totaling 560.2 billion, coinciding with an 11% price surge. The transactions, detailed by Spot On Chain point to strategic accumulation during dips. Could this be the same whale capitalizing on market volatility?
On-chain smart money tracking platform Lookonchain recently took Twitter to highlight that a large buyer shelled out around 250k USDC to purchase 227 billion Pepe Coins. While the identity of the $11 million profit whale remains unconfirmed in this particular transaction, it adds to the narrative of increased whale activity in Pepe. Besides Wynn, other whales have shown increased interest in Pepe over the past weeks. According to data from Arkham, one whale bought $27.63 million worth of PEPE last week. This shows the significant investment still occurring in the coin, despite the inherent risk in meme coins.
One address in particular is showing considerable gains. As per the data unveiled by the on-chain analytics platform Spotonchain, the whale address 0xe7d0’s profits are nearing to be evaluated at $14 million amidst Pepe's price movements. While not confirmed to be the original $11 million whale, it exemplifies the potential for large profits (and losses) in the Pepe market.
Ultimately, the Pepe whale's next move is anyone's guess. However, renewed buying activity and significant holding positions suggest a continued belief in the coin's potential. Keep an eye on wallet addresses and on-chain data for further clues. The top 15 pepe whaleslarge holders of the tokensare collectively sitting on potential profits that currently total $92.6 million, according to onchain data analyzed, painting a picture of high-stakes, high-reward investment in Pepe Coin.