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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 <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> is up 8% on the last day, stretching gains 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 <a rel="noopener noreferrer nofollow" title="accumulating" href="https://thebittimes.com/tag/accumulating.html">accumulating</a>.&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 $PEPE.<br><br>0x1f5d spent 335,349 $USDT to buy 456B $PEPE.https://t.co/SwYLyQTpS6<br><br>0x0a8f spent 465,839 $USDC to buy 629B $PEPE.https://t.co/YMsNn6h48y pic.twitter.com/MsrXzTeXaS</p>— Lookonchain (@lookonchain) September 29, 2023 
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 <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 $PEPE spent 390 $ETH ($645K) to buy $PEPE again 6 hours ago.<br><br>And this guy also spent 550 $ETH ($951K) to buy 1.04T $PEPE on Aug 29. pic.twitter.com/MCwOC2RwRA</p>— Lookonchain (@lookonchain) September 29, 2023 
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 <p>Meanwhile, another investor traded $645K worth of Ethereum (ETH) for PEPE. The same investor had previously bought 1.04 trillion PEPE in August and made over $2.3 million from the meme <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> earlier this year.&nbsp;</p> 
 <p>Whale involvement can reassure investors, boosting confidence. PEPE holders were&nbsp;worried&nbsp;about a rug pull earlier this month.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/whales-accumulating-pepe-meme-token-rallies-20-tbt64616.html">https://thebittimes.com/whales-accumulating-pepe-meme-token-rallies-20-tbt64616.html</a></p>

Whales accumulating PEPE, meme token rallies 20%

TheBitTimes

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