Whale Accumulations Continue as Large PEPE and WIF Purchases Surface

News, Trending

Whale Wallets Accumulate Top Meme Coins as Solana Battles $196 Support Level

  • A whale purchased 280.85 billion PEPE for $2.62M, boosting holdings to 1.404 trillion with a 328% unrealized gain.
  • A newly created wallet withdrew 9.48M WIF from Binance, indicating potential long-term holding strategies.
  • Both PEPE and WIF experienced significant declines over 24 hours, reflecting increased market volatility and trading activity.

Massive cryptocurrency accumulations have been detected, with large-scale purchases involving PEPE and WIF. Recent blockchain data reveals significant transactions from notable wallets, reflecting heightened activity in these assets.

Smart Whale Acquires 280.85 Billion PEPE

A high-profile wallet identified as “0xe7d” executed a purchase of PEPE tokens. The transaction, completed approximately five hours ago, involved the acquisition of 280.85 billion PEPE for 974.642 ETH, valued at $2.62 million. This purchase increased the whale’s total PEPE holdings to 1.404 trillion, worth approximately $13.2 million.

The wallet, which has accumulated a notable profit, currently holds a gain of $13.75 million, representing a 328% increase. The scale of this accumulation underscores the ongoing interest in PEPE as funds continue to flow into the asset.

Fresh Whale Withdraws 9.48 Million WIF from Binance

Another substantial transaction surfaced involving a newly created wallet, identified as “4FhF5.” This wallet withdrew 9.48 million WIF from Binance roughly 11 hours ago. The withdrawal amounted to approximately $7.17 million, marking a notable accumulation of the asset.

The newly created wallet indicates fresh interest in WIF, with a substantial amount moved off the exchange. The movement of large holdings from centralized platforms often aligns with longer-term holding strategies, reducing immediate liquidity on the exchange.

Tracking the recent movements of both PEPE and WIF over a 24-hour period, CoinMarketCap data indicates that both tokens show significant declines, with PEPE dropping 10.84% to $0.09076 and WIF falling 11.53% to $0.7122.

Source: CoinMarketCap

The overall trend indicates consistent downward movement, with fluctuations seen around late evening and early morning hours. The combined 24-hour trading volume is reported at $840.36 million. The percentage drop for both tokens reaches approximately -11.75% by 9:50 AM. The chart reflects considerable volatility in this timeframe.

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