A significant PEPE whale has recently deposited 700 billion tokens, valued at $7.8 million, on the Binance exchange. This information comes from blockchain analytics platform Lookonchain.
This PEPE whale now holds $9.23 million worth of PEPE after incurring a loss of $3.5 million. At the time of writing, PEPE is trading at $0.00001197, reflecting a 10% increase over the past 24 hours. Despite this uptick, the meme coin remains down by 21% over the past month.
The broader meme coin sector is currently in the green, buoyed by a comforting rise in Bitcoin’s price. DogeWif (WIF) is leading this recovery, with its daily gains nearing 20%. Meanwhile, the whale who recently lost a substantial $4.6 million on WIF has repurchased the token at a higher price, as reported by Lookonchain.
It’s notable that WIF has plunged by an astonishing 61% from its all-time high of $4.83, reached on March 31. This significant drop makes it one of the worst-performing assets in the meme coin sector. In comparison, PEPE has decreased by 32% from its peak on March 27.
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