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<p class="is-style-lead">PEPE is steady at spot rates, likely because of whale activity. Trackers show that the meme token is up 8% on the last day, stretching <a href="https://www.coinlore.com/coin/pepe" target="_blank" rel="noopener noreferrer nofollow">gains</a> by 20% in the past week. This suggests that trader sentiment is improving.</p> 
<p>Lookonchain data on Sep. 29 reveals that PEPE whales have been accumulating.&nbsp;</p> 
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   <p lang="en" dir="ltr">2 fresh wallets created 3 hrs ago spent a total of $801K to buy 1.08T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a>.<br><br>0x1f5d spent 335,349 <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDT</a> to buy 456B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a>.<a href="https://t.co/SwYLyQTpS6" target="_blank" rel="noopener noreferrer nofollow">https://t.co/SwYLyQTpS6</a><br><br>0x0a8f spent 465,839 <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> to buy 629B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a>.<a href="https://t.co/YMsNn6h48y" target="_blank" rel="noopener noreferrer nofollow">https://t.co/YMsNn6h48y</a> <a href="https://t.co/MsrXzTeXaS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/MsrXzTeXaS</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1707568364573638790?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 29, 2023</a> 
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<p> You might also like: <a href="https://crypto.news/breaking-3acs-su-zhu-reportedly-arrested-in-singapore/" rel="noopener noreferrer nofollow"> Breaking: 3AC’s Su Zhu reportedly arrested in Singapore </a> </p> 
<p>Three major transactions, totaling $1.5 million, were made on Sep. 28 to purchase PEPE. On Sep. 29, two new wallets spent over $800,000 to acquire 1.08 trillion PEPE.&nbsp;</p> 
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   <p lang="en" dir="ltr">This guy who made $2.34M (38,860x) on <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a> spent 390 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> ($645K) to buy <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a> again 6 hours ago.<br><br>And this guy also spent 550 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> ($951K) to buy 1.04T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$PEPE</a> on Aug 29. <a href="https://t.co/MCwOC2RwRA" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/MCwOC2RwRA</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1707567064335180278?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 29, 2023</a> 
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<p>Meanwhile, another investor traded $645K worth of Ethereum (<a href="https://crypto.news/analyst-valkyrie-likely-pressured-not-to-buy-more-ethereum-futures/" data-type="post" data-id="14199442" rel="noopener noreferrer nofollow">ETH</a>) for PEPE. The same investor had previously bought 1.04 trillion PEPE in August and made over $2.3 million from the meme token earlier this year.&nbsp;</p> 
<p>Whale involvement can reassure investors, boosting confidence. PEPE holders were&nbsp;<a target="_blank" href="https://crypto.news/pepe-lost-15-in-one-week-despite-surge-in-exchange-inflows-and-whale-activity/" rel="noopener noreferrer nofollow">worried</a>&nbsp;about a rug pull earlier this month.</p> 
<p> Read more: <a href="https://crypto.news/apecoin-dao-to-invest-12-5m-in-yugalabs-community-decides/" rel="noopener noreferrer nofollow"> Apecoin DAO to invest $12.5M in YugaLabs, community decides </a> </p>

Whales accumulating PEPE, meme token rallies 20%

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