Whales of Meme coins have made remarkable movements during the recent volatility which has significantly captured the user’s attention in the market. Recent reports from Thursday say that around 16 million dollars worth of Pepe coin (PEPE) and Dogwifhat
(WIF) were bought using the major exchange Binance. Because of this, a lot of folks in the crypto community are guessing that these meme tokens might go on a bullish trend very soon.
Meme Coin Whales Sack 375B PEPE & 15M WIF Tokens Sparking Optimism
Significant activity was observed on February 5 around the meme coins that injected some optimism back into the market. As recorded on Spotonchain on X, whale 0xf37 purchased 375.35 billion PEPE tokens for $3.73 million on Binance.
The same whale, along with Whal 4x3M8, also bought WIF tokens worth $7.42 million. Moreover, whale account A3kTT emerged once again after two years, splurging $5.19 million on the dog-themed token. Both purchases have fostered hopes of an increase in price for these assets, allowing numerous market watchers to relish in the excitement of what is to come.
Buy-The-Dip Opportunity?
The past few weeks have been incredibly volatile for the capital market. Investors certainly have a tough challenge this month as Bitcoin’s value plummeted by almost six percent at the start of February. In the initial phase of January, Dogwifhat already had a slump and saw an overall drop of 29 percent whereas
Pepe Coin’s value was down by nearly 26 percent. Currently, it’s reasonable to consider this as a buy opportunity as many whales are purchasing during this phase. If that is the case, then these top meme coins surely do have the potential for recovery.
How Are The Meme Coins Performing Amid Rising Whale Activity
At the time of writing, PEPE is up 1.5% and is trading at $0.00001035. The price ranges for the coin were intraday low of $0.000009783 and high of $0.00001044. With the increase in buying activity, the coin has been appreciating in value, and almost all prominent market analysts are predicting positive price movements to come.
One of the noteable markets figures ‘SlumDOGE Millionaire’ recently shared that he has sold all of his ETH and went “all in” on PEPE by buying almost 1 billion coins which only bolstered the optimism surrounding the coin.
Also, popular crypto influencer Jake Gagain stated on X that he thinks PEPE will experience the “hardest pump in 2025” which has added to the bullish sentiment of the token.
On the other hand WIF posted a 2 percent decline intraday trading at $0.8099 with a low of $0.7741 and high of $0.8505 over the last 24 hours. Despite the drop crypto expert ‘The Cryptomist’ believes that if WIF breaks out of the ascending triangle pattern then it can reach $1.10. Whale accumulation has put investors and traders on alert and provided them optimism about the tokens price movement.
