- PEPE Token attracts crypto whales, boosts market cap
- Whale acquires 760.6B PEPE tokens, valued at $14.4M
- Another whale buys 414.72B tokens, holds $12M in PEPE
The PEPE Token Phenomenon: Crypto Whales Propel Market Cap to New Heights
The newest meme coin, PEPE Token, is making waves in the cryptocurrency world as it attracts the attention of crypto whales. These high net-worth investors have embarked on a buying frenzy, snapping up massive amounts of PEPE tokens and driving the market cap close to the $1.5 billion mark. This impressive feat comes only a few days after the coin’s initial launch.
One such crypto whale recently acquired 760.6 billion PEPE tokens, equivalent to 1,128 ETH ($2.17 million), at a price of $0.000002859 per token. This particular investor now holds a staggering 4.56 trillion PEPE tokens, valued at approximately $14.4 million.
Another crypto whale joined the frenzy, purchasing 414.72 billion PEPE tokens for 622 ETH ($1.2 million) just 30 minutes prior. Their average buying price was $0.000002912 per token. This investor had previously bought 5.55 trillion PEPE tokens for $409,000 at $0.0000000737 and sold 1.75 billion tokens for 2,128 ETH ($4.18 million) at $0.00000239. They currently hold 4.2 trillion PEPE tokens, worth around $12 million.
The rapid ascent of the PEPE token market cap highlights the influence of crypto whales in the meme coin ecosystem. With billions of dollars at stake, it remains to be seen how long the PEPE token frenzy will continue.
