Fresh cryptocurrency whales have displayed a significant interest in the altcoin PEPE, accumulating substantial amounts during today’s market downturn. On-chain data reveals two large wallets, with addresses 0x6ea and 0xaca, executed notable transactions involving millions of PEPE tokens. 0x6ea purchased a staggering 1.79 trillion PEPE tokens worth $22.35 million through Binance after the price drop. This purchase has left this whale holding $21.9 million in PEPE tokens. These massive purchases came as PEPE’s value dropped by 8% within the past 24 hours, resulting in a trading price of $0.00001222. This decline coincided with broader losses across the altcoin market, but PEPE suffered disproportionately among the top 100 cryptocurrencies, with Pi Coin experiencing the most significant decline at 11%. The activity reflects a potential shift in accumulation strategies by whales, particularly in the memecoin space.