Pepe Whale Buys $2.9 Million PEPE Amid 25% Correction: What Does It Mean?
A crypto whale just made a significant move in the Pepe (PEPE) market, purchasing a substantial amount of the meme coin despite a recent price correction. Find out why a crypto whale bought $2.9 million worth of PEPE despite a 25% correction.
Whale Accumulation: $2.9 Million PEPE Grabbed During Dip
According to cryptocurrency analysis firm LookOnChain, a whale wallet purchased 231.6 billion Pepe (PEPE) tokens for $2.9 million from Kraken. This strategic acquisition comes after a period where a whale investor offloaded millions worth of Pepe (CRYPTO: PEPE) as the frog-themed cryptocurrency corrected sharply over the weekend. The whale has bought a total of 750.34 billion tokens, signaling strong confidence in PEPE's potential.
Why This Matters: Potential Rally on the Horizon?
Interestingly, this acquisition comes as PEPE saw a 5% surge after a whale purchased 231 billion tokens, signaling the potential for a rally. The significant buyup, worth $2.9 million, occurred within 24 hours. Whales Pepe: Whales Buy $2.9M PEPE Amid 25% Correction PEPE.
Whale Interest Remains Strong
Crypto whales have shown strong interest in the Pepe (PEPE) meme coin, purchasing over $8 million during a price correction. Investing.com reports that Crypto whales have shown strong interest in the popular meme cryptocurrency Pepe Coin (PEPE/USD), purchasing over $8 million worth during a price.
A Closer Look at the Whale's Holdings
A whale recently bought 231.6 billion PEPE tokens from Kraken, valued at $2.9 million, raising their total holdings to 750.34 billion tokens worth $8.34 million, signaling growing interest in the cryptocurrency. According to crypto analytics firm LookOnChain, a whale wallet purchased 231.6 billion Pepe (PEPE) tokens for $2.9 million from Kraken.
Conclusion: Bullish Signal for Pepe?
While the meme coin market is inherently volatile, this substantial purchase by a whale suggests renewed bullish sentiment for PEPE. Keep an eye on further developments as whale activity can often influence market trends.