Crypto Downturn Pushes Whales to Accumulate $PEPE and $HYPE
In line with the exclusive market data, “0x9b83,” “qianbaidu.eth” and other such crypto whales are making comprehensive capital shifts to $PEPE and $HYPE amid wider market crash. Particularly, qianbaidu.eth has withdrawn up to 657.8B $PEPE tokens, equaling $4.44M, from Binance. This development indicates the whale’s high conviction in the respective meme token, irrespective of the ongoing market volatility.
Apart from that, the respective address also spent nearly $8.67M $USD coins to purchase $HYPE from Hyperliquid. In the same vein, “0x9b83” has turned out to be another whale making capital shift into $PEPE and $HYPE while the crypto community is watching the accumulation activity. Data points out that “0x2bfb” has overall utilized $4.97M $USDT to buy 600.88B $PEPE tokens, further indicating the rising exposure of whales to the meme coin.
Whale Exposure to $PEPE and $HYPE Could Trigger Potential Reversal
According to Lookonchain, the whale “0x831..B842” is presently holding $14.17M in total crypto assets. This includes 153,375 $HYPE (nearly $6M) and more than $2.8M $USDC, apart from some minor positions in the rest of assets. Keeping this in view, amid the growing accumulation of $PEPE and $HYPE tokens among whales, the crypto trader community is watching for a likely crypto recovery after a severe crash.
