PEPE price is making every meme coin enthusiast’s dreams come true as the altcoin has noted a 506% increase in the last ten days. The world’s third-largest meme token is now at a new all-time high of $0.00000820.

But as quickly as the meme coin has risen, it may be on track to note a decline, too, since investors are actively moving their holdings around.

PEPE Price Rise Is All Thanks to the Whales

In addition to the broader market bullish cues, the PEPE price rose due to the sudden accumulation observed by the whales. These large wallet investors and retail investors collectively bought nearly 48 trillion PEPE worth $385 million over the past ten days.

PEPE Supply Distribution
PEPE Supply Distribution. Source: IntoTheBlock

This has resulted in the meme coin shooting up by 506% to trade at $0.00000820 at the time of writing. However, meme coin investors are known to leverage the volatility for their profit. Thus, it is to be noted that 37% of the ci

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Author: Aaryamann Shrivastava

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