Two Fresh Cryptocurrency Whales Accumulated Huge Amount of This Altcoin During Today’s Drop

According to cryptocurrency onchain data, a fresh whale wallet that was recently created purchased a significant amount of an altcoin.

According to the data, in today's transactions, the crypto whale with the short address 0x6ea withdrew 1.79 trillion $PEPE tokens worth $22.35 million via Binance. With the decrease in the price of $PEPE after the whale purchased the wallet, at the time of writing this article, this whale has $21.9 million worth of $PEPE in its crypto wallet.

$PEPE price has lost 8% in the last 24 hours and is currently trading at $0.00001222. The decline came during a general decline on the altcoin side, but $PEPE was one of the biggest cryptocurrencies that was most affected by these losses. Among the top 100 cryptocurrencies, Pi Coin lost the most value with 11%. The sharp declines were concentrated in memecoins.

The data also revealed that a few hours before the first whale’s transaction, the whale with the short address 0xaca purchased 96.9 billion $PEPE tokens worth $1.28 million via cryptocurrency exchange Kucoin.

*This is not investment advice.