Crypto whales have taken advantage of the recent market downturns, loading up their bags as the price of several tokens slipped to lower levels. During the last few retraces, a whale bought over 400 billion PEPE, already registering unrealized profits from its purchase. Some market watchers believe the token is poised to lead the “memeseason” after its recent performance. Related Reading: USTC Preps For Explosive 360% Run, Crypto Analyst Reveals When Whale Goes On Buying Spree A week ago, the crypto market saw a significant slump, with most cryptocurrency prices nosediving by over 20%. Bitcoin (BTC) saw its price fall from the $59,000 mark to as low as $49,000 last Monday. Meanwhile, Ethereum (ETH), the second-largest cryptocurrency by market cap, retraced 24% after its price dropped below the $2,200 support zone. PEPE, one of the leading memecoins, also saw a price decline of over 28%, which fueled a negative sentiment among some crypto investors. After the memecoin recovered over the week, a whale decided to take profit from the frog-themed token. On-chain data analysis firm Lookonchain revealed that a whale had sold its 795.92 bill ..
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