Massive PEPE Whale Accumulation Sparks Market Surge

A significant market reaction has been triggered by an anonymous whale’s purchase of 1.79 trillion PEPE tokens, leading to price surges and increased trading activity. This sudden accumulation of the meme coin was observed in on-chain data after a two-year period of inactivity for the whale’s wallet. While the whale’s identity remains undisclosed, their actions have fueled market optimism, driving up trading volumes by nearly 60%, reaching $916 million. The move also indicates strong confidence in the PEPE asset, as the whale transferred tokens from Binance to private wallets.