Crypto Whales Hoard up Pepe Tokens During Dip

parag jadhav

420 Billion Pepe Accumulated

Whales have spent $3.13 million worth of USDT to buy 420 billion Pepe during the dip in the first week of August.

Bought by a Single Whale

Surprisingly, the 420 billion Pepe was accumulated by a single whale with the ENS “cookislandstrust.eth”.

Data Reveals More

The whale also spent $7.05 million to buy 2958 ETH. As of today, it is profiting from 5.4% on its Pepe and 7.5% on its ETH purchase.

Why Are Whales Buying Memecoins?

Memecoins have consistently been the top-performing sector in 2024 and have hence become whales' favourite investments.

Top Memecoins To Watch Out

Other than Pepe, Bonk, dogwifhat, Floki Inu and Brett also have been top performers this week.

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