PEPE Whale Makes Another Big Purchase; Bullish Sign?

• Lookonchain discussed the purchasing behavior of a PEPE whale in a Twitter thread today.
• The post noted that the whale recently purchased 227 billion PEPE earlier today.
• At press time, the meme coin’s price stood at $0.000001088 following a 3.97% gain.

The blockchain tracking firm Lookonchain posted a thread to Twitter earlier today, which discussed the recent purchasing behavior of a particular Pepe (PEPE) whale over the past few weeks. According to the thread, this whale, who had made around $11.47 million on PEPE before, recently purchased 227 billion PEPE at $0.0000011 again earlier today.

6.

And please note that he has spent ~$1.81M to buy 3B $TURBO so far, but it is only worth $376K now.

Not sure whether the price of $TURBO will rise in the future, and whether his investment in $TURBO will be successful.https://t.co/7PtggrxgLS pic.twitter.com/msORSbwPWm

— Lookonchain (@lookonchain) June 9, 2023

Lookonchain’s post added that the whale had purchased PEPE between 19 April 2023 and 27 April 2023 when the meme coin’s price was very low. He reportedly spent 422 Ethereum (ETH), worth $871K, as well as 200K USD Coin (USDC) to buy 4.23 trillion PEPE duri…

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