Whales have started buying PEPE after the latest price correction according to data from Lookonchain.
As data from Lookonchain reveals, 3 whales started accumulating PEPE earlier this week, PEPE has dropped by almost 50% in value after listing on Binance.
Lookonchain said in a tweet “3 whales started buying $PEPE after the price dropped. Wallet 0x50C1 withdrew $1400 billion PEPE worth $2.76 million from Binance with an average purchase price of $0.00002054.”
“0x2Baa wallet bought 212 billion PEPE ($429000) with 223 ETH worth $412000 for $0.00001942. Wallet 0x3AE8 bought 424 billion PEPE worth $864000 with 450 ETH worth $831000 for $0.00001957”
According to data from CoinGecko , PEPE’s trading volume is at $420 million in the last 24 hours and most of the volume has shifted to Binance instead of Uniswap previously after PEPE was listed by Binance.
Up to now, according to Etherscan , the number of holders of this meme coin has reached more than 108000 holders, a relatively large number.
Pepe (PEPE) is a meme coin on Ethereum developed by an anonymous team that launched on April 14, 2023 and has a market capitalization of less than $1 million. However, in less than 1 month, PEPE has had an amazing growth and has reached a market capitalization of 1 billion USD after being listed by Binance.