The price of PEPE
shot up 14% over the last 24 hours, driven by large-scale buying and a broader rebound across the cryptocurrency space that saw bitcoin
top the $118,000 mark.
STORY CONTINUES BELOW
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Behind the spike was also whale activity. Data from Nansen shows that the top 100 addresses holding PEPE have added more than 1% to their holdings just in the past day, to 304.1 trillion PEPE, while exchanges holdings have kept on dropping.
Over the past month, the top 100 PEPE addresses grew their holdings by 2.3%, while the total amount of tokens held on exchanges dropped by 2.17% to 252.2 trillion.
Meanwhile, solid support held near $0.000011013 as traders bought dips aggressively.
