- PEPE has been going down after a staggering one-month run and is trading sideways.
- Some PEPE whales have already diversified their portfolio including Turbo Toad Token (TURBO).
- In the last 24 hours, PEPE has pumped by almost 15% for unknown reasons.
Now that Pepe (PEPE) is going sideways after a euphoric one-month run, some whales who made outrageous fortunes are looking to diversify their memecoin portfolio further.
Among these memecoins are popular bets like Ben (BEN), Milady Meme Coin (MILADY), and a host of other PEPE copycats. However, some whales are buying huge chunks of a lesser-known memecoin that has yet to come to the limelight.
This memecoin is named Turbo Toad Token (TURBO). One PEPE whale who made $16 million in profit has loaded his bag with at least $1.1 million worth of TURBO.
According to CoinMarketCap, TURBO has a market capitalization of $57.3 million at the time of publication. The official Twitter account of TURBO claims it is a “GPT-4 guided” memecoin, although no further explanation was provided.
PEPE, despite a staggering rise to the top 100 cryptocurrencies by market capitalization, continues to go down in price. Interestingly, the Pepe the Frog-based token has seen a resurgence of 14.85% in the last 24 hours. Time will tell if PEPE will indeed recover or if it is just a Dead Cat Bounce.
