Crypto whales are preparing for a potentially significant week for PEPE. On-chain data shows that many whales have been active over the weekend, positioning themselves ahead of the new week. This activity has brought attention to PEPE as an intriguing option for some whales.

Crypto Whales Accumulate Large Amounts of PEPE

PEPE has just experienced a week of high volatility and bearish trends, losing about 20% of its value. In response, some whales are employing a buy-the-dip strategy. Multiple large transactions involving billions of PEPE tokens were recorded. According to on-chain data, several whales purchased millions worth of PEPE over the weekend, hinting that the decline might be ending.

One notable example is venture capital firm Nascent, which accumulated 447.67 billion PEPE tokens worth $5.48 million. As reported by Spot On Chain, this accumulation makes PEPE the largest cryptocurrency in Nascent's portfolio, indicating strong belief in the meme coin.

Lookonchain reported another significant accumulation. A whale withdrew 231.6 billion PEPE worth $2.9 million from Kraken over the weekend. This whale has been accumulating since March 16, now holding approximately 750.34 billion PEPE worth $8.34 million from Kraken.

Another weekend accumulation involved the withdrawal of 303.4 billion PEPE worth $3.8 million from Binance and OKX into two private wallets, 0x81cC and 0xf226.

PEPE's Upward Movement

The past week was challenging for PEPE investors, with the meme coin dropping from $0.00001524 to a low of $0.00001193, a 21% decline. However, recent whale accumulation over the weekend has led to a slight rebound. This positive price movement suggests that retail investors might soon experience FOMO and join in.

Currently, PEPE is trading at $0.00001239, up by 0.72% in the past 24 hours. This recovery suggests PEPE may continue to rise for the rest of the week.