Meme Coin Whales Massively Accumulate PEPE as Price Pumps
- DDDOriginal
- 2024-11-06 18:00:26514browse
A lot of altcoins and memes are pumping right now, riding the wave of Trump's potential win in the US elections and his path to becoming the 47th American president.
Three crypto whales have withdrawn a combined 835.6 billion PEPE tokens from Binance and Gate.io.
The largest withdrawal was made by a wallet ending in 51Cc, which pulled out 535.81 billion PEPE (about $5.09 million) from Binance. Another whale with an address ending in a586 grabbed 163.37 billion PEPE ($1.44 million) from Binance. The third whale, wallet ending in d3B0, moved 135.45 billion PEPE ($1.3 million) from Gate.io.
This kind of whale activity usually turns heads in the crypto world. When big players move this much money off exchanges, it’s often a good sign – they’re probably not planning to sell anytime soon. These tokens are likely heading to cold storage, which means less PEPE available for trading on exchanges. For current PEPE holders, this could mean less selling pressure in the market.
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