The meme token Pepe Coin (PEPE) has recently captured the attention of the cryptocurrency market, primarily due to significant accumulation by whales. This surge in whale purchases, paired with the integration of PEPE into Coinbase Prime, has propelled its price upward and generated global interest. Recent data indicates that PEPE promises substantial returns for its holders.
Whales Intensify Purchases, Supporting PEPE
According to the crypto analytics platform Lookonchain, whale interest in Pepe Coin has notably increased in recent weeks. Notably, a wallet identified as “0x160…b5B” purchased 337.09 billion PEPE over the last 20 days via Binance, amounting to approximately 6.92 million dollars. This activity has created strong buying pressure for Pepe Coin, bolstering its market value.
This trend is further supported by an increase in the number of PEPE holders. Etherscan data shows that approximately 334,000 addresses currently hold Pepe Coin. This indicates sustained market interest in the token and a broad base of investors.
Coinbase Prime Integration Sparks Interest
The recent integration of Pepe Coin into the Coinbase Prime platform has further heightened investor interest. This integration makes PEPE more accessible to institutional investors. Currently, the cryptocurrency trades at $0.00002065, reflecting a 0.5% increase, with daily values ranging from $0.00001908 to $0.00002104.
Analysis by CoinGape suggests that Pepe Coin has the potential to increase sevenfold in price. This prediction is based on whales accumulating nearly 10 trillion PEPE in total. Growing demand and optimistic market conditions strengthen the likelihood of this forecast materializing.
In conclusion, Pepe Coin’s market performance is bolstered by heavy whale interest and its presence on institutional platforms. Experts anticipate that the upward trend in PEPE’s value may continue, indicating that it will continue to attract investor attention.
