PEPE, the green-frog-themed memecoin, has experienced a notable surge today, kicking off a rally to a new all-time high of $0.00000675. The price of PEPE skyrocketed by a whopping 53% in just 24 hours and surged over 600% in 30 days. Spot On Chain, an on-chain data platform, has reported significant onchain activities for PEPE owing to the current surge.
In the previous 24 hours, three whales have made substantial moves in the PEPE market, further fueling the coin’s bullish momentum. Notably, these whales have accumulated a total of 1.02 trillion PEPE tokens, equivalent to approximately $5.94 million in value.
Whale 0x379e9d9a9e0af1541eb0fb919a5fea354e4d7ab7 withdrew a staggering 500 billion PEPE tokens, valued at $2.96 million, from Binance. Moreover, whale 0x04eef7be386db8ddd14a31e1452d06d8e39f6309 made a noteworthy purchase of 340.9 billion PEPE tokens, investing $4.9 million in the process. Interestingly, this acquisition was facilitated using $USDC, indicating a diversification strategy by the investor.
Additionally, smart trader 0x37d made strategic moves by withdrawing 182.4 billion PEPE tokens, valued at $1.03 million, from Binance approximately nine hours ago. This trader’s actions suggest a calculated approach to capitalizing on PEPE’s upward momentum.
Another on-chain analytical platform, Lookonchain, took to the X platform to report whale activity, which further contributed to this surge.
The whale activity and rapid uptick in price have garnered the attention of investors and traders. On the X platform, Mags, a crypto analyst, highlighted the remarkable ascent of PEPE, noting its rapid growth since its last post. The cryptocurrency has surged an astonishing fivefold in a mere span of 10 days, reflecting the dynamic nature of the market and the fervent interest surrounding meme-inspired tokens.
At press time, PEPE is priced at $0.000006573, reflecting 61.90% over the past 24 hours. The flurry of activity surrounding PEPE underscores the growing interest in meme-inspired cryptocurrencies and the potential for substantial gains within this sector. As whales continue to make strategic moves, the market remains poised for further volatility and potential price surges.
