Whale Investor Accumulates Whopping 962.3B Pepe Worth $2.46M

The web3 data analyst, Lookonchain shared the latest updates on the crypto whale accumulating the novel cryptocurrency Pepe, indicating the wide acceptance and popularity of the memecoin. As per the data, a whale investor, bought a colossal amount of Pepe tokens, marking around 962.3 billion worth of $2.46 million. It was also revealed that the whale purchased 70 WBTC and 470 ETH, costing $2.07m and $937k respectively, over the past few days.

According to a tweet released by Lookonchain, the whale has amassed a whopping crypto collection at an average buying price of $0.000003122; the whale lost $541k at the current price:

A whale bought 962.3B $PEPE($2.46M currently) with 70 $WBTC ($2.07M) and 470 $ETH ($937K) in the past 2 days, with an average buying price of $0.000003122.

He has lost ~$541K at the current price!https://t.co/GDBdXcVyGt pic.twitter.com/7s1Ns90OOc

— Lookonchain (@lookonchain) May 7, 2023

In addition, Lookonchain has also provided the details of the whale’s portfolio which holds a massive collection of cryptocurrencies including Pepe, USDC, ETH, WBTC, etc.

Since the inception of Pepe on April 14, the frog-themed memecoin has been gaining wide popularity among crypto investors, despite the disclaimer provided by the official page of the cryptocurrency. The disclaimer read as follows:

$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.

Significantly, the massive purchase of the relatively new member of the crypto market has become a recurring activity. Yesterday, Lookochain announced the whale activity of an investor who bought 414.72 billion Pepe with 622 ETH. The surprising fact was that the same whale had a purchase of another whopping 5.55 trillion the previous day, as analyzed by Lookonchain.

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