Pepe Coin, a frog-themed meme token, is witnessing significant accumulation by whales, a term used to describe large investors. This trend has fostered optimism among investors worldwide, as it suggests a bright future for the token.
On Wednesday, on-chain data revealed that one whale had amassed a total of 337.09 billion PEPE. Such accumulation highlights the growing confidence in the token's potential, especially during a bull market cycle.
Other market statistics have shown increased interest in Pepe Coin, indicating a possible surge in its value. The accumulation by whales hints at the expectation of substantial future gains, possibly up to seven times the current value.