In recent weeks, PEPE, a meme cryptocurrency inspired by a famous cartoon frog, has garnered significant attention in the cryptocurrency market. Since June 6, the supply of the token has decreased from 171.93 billion to 170.18 billion, coinciding with a 17% price drop. Despite this slowdown, investors with large portfolios have shown greater interest in accumulating PEPE.
An unknown cryptocurrency investor recently acquired 231.6 billion Kraken tokens for $2.9 million. This purchase adds to its total acquisition of 750.34 billion tokens since March 16, for a total of $8.34 million, with an average price of $0.00001111 per token. Such a broad accumulation reflects a firm belief in the prospective performance of PEPE.