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Two dormant PEPE whales transferred over $10 million in tokens, while PEPE price rose 10.8% against the trend, and the market cap gap between SHIB and PEPE hit a new all-time low.
Two long-dormant PEPE whales today transferred a total of 2.27 trillion PEPE tokens, worth approximately $10.19 million. While such large transfers typically signal potential profit-taking by investors, PEPE's price rose instead of falling, with an intraday gain exceeding 10.8%. Shiba Inu (SHIB) also increased by 1.66%. As a result, the market cap difference between Shiba Inu and PEPE has narrowed to $1.06 billion, reaching an all-time low. Additionally, Tron founder Justin Sun has actively accumulated PEPE over the past ten days, now holding 2.82% of the total PEPE supply, valued at approximately $51.25 million.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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