The post Crypto Whales Are Buying These 2 Memecoins: What’s Fueling the Surge? appeared first on Coinpedia Fintech News
Big players in the crypto market are making waves again, and this time, they’re betting big on meme coins. According to Spot On Chain, a smart whale has secured a massive $13.75 million profit while trading Pepe (PEPE). Meanwhile, another whale grabbed millions worth of WIF from Binance, sparking speculation about the next move.
Big Whale Made 328% Return In PEPE
A well-known crypto whale, identified by the wallet address “0xe7d,” made a huge move recently. This savvy whale spent 974.642 ETH roughly around $2.62 million to buy 280.85 billion PEPE tokens just nine hours ago.
With this latest purchase, the whale now holds a massive 1.404 trillion PEPE, worth around $13.2 million. Even more impressive is the profit gained from these trades, now sitting at a mind-blowing profit of $13.75 million with an eye-popping 328% return.
New Whale Jumps Into WIF
Meanwhile, another big whale, known by the wallet “4FhF5,” is also in the spotlight with a major Dogwifhat (WIF) purchase. Just 11 hours ago, this fresh whale created a new wallet and withdrew 9.48 million WIF tokens, valued at $7.17 million, from Binance.
While the whale’s strategy is not yet clear, such large withdrawals often indicate strong confidence in the token’s future price surge.
PEPE & WIF Price Update
PEPE’s price has taken a sharp 15% fall, now trading around $0.000009010 with a market cap of $3.84 billion. However, its 24-hour trading volume has jumped by 24%, reaching about $825 million.
This price drop comes amid broader market declines, fueled by economic tensions between the U.S. and China over increased tariffs.
Similarly, Dogwifhat (WIF) has also seen a 12% dip in the last 24 hours, bringing its market cap to $720 million. Despite the decline, some analysts believe that if WIF breaks out of its current ascending triangle pattern, it could first target $1.10.
