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It was known that whales had been accumulating Pepe Coin for over a month. This situation allowed the PEPE price to refresh its ATH for days. According to data provided by IntoTheBlock, wallet addresses with assets over $100,000 have increased their Pepe Coin holdings, and it is known that 100% of PEPE investors are currently in profit. PEPE price reached an all-time high of $0.00001156 in the past hours but then experienced a slight pullback.
Whales’ PEPE Coin Accumulation
Lookonchain, one of the well-known on-chain platforms, reported that a whale purchased 520 billion Pepe Coin on May 15, indicating more upward speculation in the PEPE price. The whale made a purchase of PEPE worth $5.28 million from the crypto exchange Binance.
It was also noted that the whale is not a trader and has been acquiring tokens for a long time. The number of tokens purchased so far is 10, and these tokens have not been sold. Lookonchain mentioned that this whale continues its transactions with a net loss of $6.1 million, with only 5 tokens being in the profitable zone with a 50% gain rate.
On the other hand, a wallet address associated with BlockTower Capital purchased 202 billion PEPE worth $2.2 million through the crypto trading firm Cumberland. It should also be noted that BlockTower Capital’s main hedge fund was partially siphoned off by fraudsters.
Despite Pepe Coin reaching its all-time high price, it was observed that it hosted large purchases from investors. Data provided by IntoTheBlock reflects that 100% of PEPE investors are in profit, raising questions about whether whales might start selling.
What Was PEPE Coin’s Highest Price?
Speaking of PEPE’s ATH, it would not be wrong to say that this level is $0.00001156 for now. After reaching this level, the PEPE price dropped by 4.72% in 24 hours due to whales starting to take profits, and as of the time of writing, the price is at $0.00001034.
The lowest and highest price levels seen within 24 hours were $0.00001004 and $0.00001156, respectively. Additionally, the trading volume decreased by 24% in the last 24 hours, indicating a decline in interest among investors.
PEPE’s market cap fell to $4.3 billion after the 4% drop.
