On-chain analytics firm Ai姨 noted that a whale began accumulating PEPE in June 2024, purchasing approximately 13,100 PEPE at an average price of $0.00001683. Following a price dip to as low as $0.00000279 on Oct. 11, the whale’s unrealized losses swelled to about $18.43 million. At current levels, losses have narrowed to roughly $14.24 million, suggesting a partial recovery in the valuation of the whale’s holdings. To break even, the PEPE price would need to rise by approximately 281% from current levels.
PEPE Whale Accumulation Sparks Losses; 281% Rally Needed to Break Even
On-chain data shows a whale bought 13,100 PEPE in June 2024 at $0.00001683; after a dip to $0.00000279, unrealized losses peaked at $18.43M and have since narrowed to $14.24M, with a 281% rally needed to break even.
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