Pepe Coin Whale Sparks Frenzy with Trillions of Withdrawal

Vignesh Karunanidhi
Pepe Coin Forecasted To Rise 60%: Here’s When
Source: Outlook India

Pepe Coin, a trending meme crypto, has gained prominent attention in recent months for its price spike and performance. It has shown impressive returns, outperforming popular meme coins like Shiba Inu and Dogecoin, with a notable 5819% return on investment (ROI) in just one month.

While Dogecoin and Shiba Inu remain prominent in the meme coin market, Pepe Coin has managed to cultivate a dedicated following and gain recognition due to its increasing popularity. However, the recent price performance of PEPE has been less extraordinary.

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Now, according to the latest data from Lookonchain, a PEPE whale has withdrawn over two trillion PEPE from Binance.

Pepe Coin whale withdraws 2 trillion coins

According to the details shared by on-chain analyst Lookonchain, the whale withdrew 2 trillion PEPE from Binance. Data also shows that the whale currently holds 3.94 trillion of these frog-inspired meme coins.

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The withdrawal comes at a time when the price of PEPE is not in its best shape. According to CoinMarketCap data, Pepe Coin is trading at $0.000001649. Data shows that the trending meme coin is currently down by over 63% since its all-time high on May 5, 2023.