A mysterious whale wallet (0x6ea) has accumulated 2.21 trillion $PEPE, now valued at over $29.24 million.
PEPE’s price is down over 8%, but large-scale accumulation hints at possible long-term bullish sentiment despite market weakness.
Whales are doubling down on PEPE with massive withdrawals from centralized exchanges, indicating a long-term bet on the frog-themed token.
The market is closely monitoring the whale-led accumulation, questioning whether it will lead to another meme coin rally or signify a stealthy exit strategy.