Three whales have invested almost $4 million in the recently launched PEPE meme coin, despite its price dropping. Lookonchain, a well-known market tracker in the crypto community, reported that the whales started buying PEPE after its price fell. One of the whales, identified as 0x50C1, withdrew 1.4 trillion PEPE worth over $2.76 million from Binance.
The other two whales jointly bought 636 billion units of PEPE, spending $1.2 million. While some believe the whales may be stuck with bags of PEPE, others, like Tony JRNY, founder of Planet XOLO, believe the coin's eventual pump will be astronomical when the bull market arrives.
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