Over the past 20 days, a major whale has accumulated 337.09 billion PEPE tokens, valued at $6.92 million, from Binance. This accumulation led net whale flows to shift dramatically from -534 billion to +580 billion PEPE as of December 3rd.
The number of long-term holder addresses notably declined from 91,200 to 89,000 in the past month, indicating possible changes in holder sentiment or strategy among long-term investors.
PEPE tokens were recently integrated into Coinbase Prime custody services, enhancing their accessibility and security for institutional investors.
Following these developments, PEPE's price soared by 154% over the past month, reflecting increased market interest and speculation. The article underscores the significant impact of strategic accumulation and custodial developments on PEPE's market dynamics.