In a significant show of confidence, whales and Smart Dex Traders (SDTs) have been actively accumulating $PEPE over the past 24 hours. Whales have bought an impressive 195.21 billion $PEPE, worth approximately $1.66 million.
Meanwhile, SDTs have added 27.21 billion $PEPE to their portfolios, totaling $204,100. As a result, $PEPE has climbed to 2nd place on the “Gems of SDTs with Good Entry” list, indicating a potentially favorable buying opportunity for traders.
🚨 $PEPE – Unusual Buying by Whales and Smart Dex Traders (SDTs)
🔍 In the past 24 hours, Whales bought 195.21B $PEPE ($1.66M), while SDTs bought 27.21B $PEPE ($204.1K). Currently, $PEPE ranks 2nd in the Gems of SDTs with Good Entry list.
Do you think the unusual buying from… pic.twitter.com/NMfZL3dXJG
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September 19, 2024
One wallet in particular—0xcc9788780—has drawn attention due to its large accumulation of $PEPE. Yesterday, the wallet added 25 billion $PEPE, equivalent to $185,000, through a centralized exchange (CEX). This brings the wallet’s total $PEPE holdings to 125 billion. Notably, this is not the first time wallet 0xcc9788780 has made big moves with $PEPE. On August 26th, 2024, the same wallet purchased 100 billion $PEPE via CEX, a transaction valued at $855,000 at the time.
This wallet’s involvement with $PEPE dates back to November 11th, 2023, when it swapped 95 ETH for 151.8 billion $PEPE through a decentralized exchange (DEX), a deal worth $193,000 back then. Since then, the wallet has been quite strategic, successfully riding $PEPE’s initial surge to a $1 billion market cap, followed by its massive rally to a market cap of $4.2 billion.
Whales continue to accumulate $Pepe
This wallet: 0xcc9788780 accumulated 25 billion $Pepe yesterday, equivalent to 185K USD. The wallet: 0xcc9788780 accumulated this $Pepe via CEX and now holds 125 billion $Pepe.
The wallet:0xcc9788780 previous $Pepe transaction was on August… pic.twitter.com/NFlO2NNSNz
— PEPAY (🐸,🪺) backed by $PEPE (@pepaycoineth) September 18, 2024
With whales and SDTs continuing to build their $PEPE positions, many are wondering if another rally is on the horizon for this meme coin, as it steadily gains attention in the crypto community.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/whales-and-smart-dex-traders-ramp-up-pepe-accumulation/