The memecoin PEPE has caught significant attention as its price doubled, soaring nearly 95% to reach $0.00002275 in a single day. This price spike was partly attributed to Donald Trump’s political success, which boosted the broader crypto market.
During this surge, a significant move occurred when an influential whale transferred 500 billion PEPE tokens, valued at $11.38 million, taking advantage of the heightened prices.
Despite disposing such a large amount, the whale continues to hold a substantial stack of 1.5 trillion tokens, equating to $36 million. This lingering large holding raises speculation about potential future divestments and their effect on PEPE’s price stability.
