A significant crypto investor, known as a whale, recently acquired 231.6 billion $PEPE tokens worth $2.9 million from the Kraken exchange. This whale has been actively purchasing $PEPE tokens, with a total of 750.34 billion tokens purchased from Kraken since March 16, amounting to $8.34 million. The average price per token is $0.00001111, as reported by Lookonchain, a platform for blockchain analysis.
This significant investment by the whale in $PEPE reflects strong confidence in this memecoin. The growing interest from whales suggests that $PEPE, a popular memecoin, holds substantial potential. Memecoins, which rely on internet meme communities and enthusiasm rather than traditional financial measures, have caught the attention of major investors.
The continuous investment in $PEPE by whales indicates a possible surge in its price, potentially reaching new highs. The crypto community is closely monitoring $PEPE for any signs of reaching an all-time high, as the actions of large investors like whales can significantly impact market movements. As a result, many are now keeping a close watch on $PEPE to see if this memecoin will indeed achieve new milestones.