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<p>Blockchain tracking <strong><a href="https://x.com/lookonchain/status/1923684972327731218?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">shows</a> </strong>that a whale wallet labeled 0x6ea made a massive withdrawal from Binance, acquiring 1.79 trillion <strong><a href="https://coindoo.com/cryptocurrencies/pepe/" rel="noopener noreferrer nofollow">PEPE</a> </strong>tokens worth over $22 million. Despite the significant buy, the token’s price continued to fall, trimming the whale’s holdings to around $21.9 million at press time.</p>
<p>PEPE, a prominent memecoin, has been hit hard in the latest altcoin market correction, shedding 8% in just 24 hours to trade around $0.00001222.</p>
<p>The broader downturn has especially impacted memecoins, with Pi Coin taking the steepest dive among the top 100 — down 11% on the day.</p>
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<p>Interestingly, this wasn’t the only major PEPE buy recently. Prior to the 0x6ea transaction, another wallet — 0xaca — acquired nearly 97 billion PEPE tokens via KuCoin, spending approximately $1.28 million.</p>
<p>While the memecoin market reels, some whales appear to be treating the dip as an opportunity to accumulate at a discount — raising questions about whether these high-stakes purchases are bets on a rebound or signals of deeper market strategy.</p>
<p>The post <a href="https://coindoo.com/whales-dive-into-pepe-despite-market-slump-what-are-they-seeing/" rel="noopener noreferrer nofollow">Whales Dive Into PEPE Despite Market Slump – What Are They Seeing?</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

Whales Dive Into PEPE Despite Market Slump – What Are They Seeing?

Coindoo.com

Other articles published on May 18, 2025

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