Pepe

PEPE

Pepe, a token inspired by the 2000s meme “Pepe the Frog,” is seeing a notable shift in whale activity and holder composition. 
According to data provided by IntoTheBlock, the Pepe (<a href="https://crypto.news/price/pepe/" target="_blank">PEPE</a>) large holder net flows shifted from a net outflow of 534 billion PEPE to a net inflow of 580 billion on Tuesday, Dec. 3. 
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 PEPE whale net flow | Source: <a href="https://app.intotheblock.com/coin/PEPE" target="_blank" rel="nofollow">IntoTheBlock</a>
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This momentum from Pepe investors could trigger FOMO (fear of missing out) among retail holders.&nbsp; 
An anonymous Pepe whale has accumulated and withdrawn over 337 billion PEPE tokens from Binance, the largest crypto exchange by trading volume, over the last 20 days, according to Lookonchain’s X post early Wednesday. 
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 Whales continue to accumulate <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PEPE</a>! A whale has withdrawn 337.09B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PEPE</a>($6.92M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> in the past 20 days.<a rel="nofollow" href="https://t.co/65vbIQd2dd" target="_blank">https://t.co/65vbIQd2dd</a> <a rel="nofollow" href="https://t.co/79NauAQt8V" target="_blank">pic.twitter.com/79NauAQt8V</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1864157808654266728?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 4, 2024</a>
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These tokens are now worth roughly $7 million. 
 You might also like: <a rel="" href="https://crypto.news/heres-why-crypto-prices-had-a-brief-flash-crash-in-south-korea/"> Here’s why crypto prices had a brief flash crash in South Korea </a> 
One of the largest spikes in the Pepe whale net inflow happened on Nov. 14 as large holders accumulated 4.7 trillion PEPE coins as its price reached $0.000023, per data from ITB. The price of the meme coin has been consolidating below that mark since then. 
On the other hand, midterm and long-term PEPE holders have been declining over the last month. Addresses holding the meme coin for over a year fell from 91,200 on Nov. 11 to 89,000 on Dec. 3, per ITB data. 
Cruisers, holding <a href="https://crypto.news/bitstamp-lists-sol-and-pepe-for-u-s-customers/" target="_blank">PEPE</a> between one and 12 months, plunged from 200,000 on Nov. 8 to roughly 89,000 yesterday. However, PEPE traders, with a keeping time of less than a month, increased by 262% over the last 30 days, reaching 72,000 unique addresses. 
Pepe has been consolidating close to $0.000020 over the past day with a market cap of $8.69 billion. Its 24-hour trading volume declined by 1% to $3.48 billion. 
At this point, PEPE’s <a href="https://crypto.news/pepe-coin-price-could-surge-as-reddit-army-plots-to-pump/" target="_blank">bullish momentum</a> is very likely to face a blockage from short-term traders unless another wave of strong whale accumulation surfaces. This puts the <a href="https://crypto.news/tag/meme-coin/" target="_blank">meme coin</a> in a highly volatile zone. 
 Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 
 Read more: <a rel="" href="https://crypto.news/meme-coins-pump-fun-ai-and-crypto-with-pepecoin-developer-brian-fanzo/"> Meme coins, pump.fun, AI and crypto with PepeCoin developer Brian Fanzo </a>

Pepe whale accumulation increases, long-term holders decline

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