Here’s the Next Memecoin That PEPE Whales Are Buying Into

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.

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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.

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Jesus Dawal

Jesus Dawal Jr covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.