Despite its recent slump, Pepe (CRYPTO: PEPE) remains on the radar of traders, who predict a rally as soon as market conditions allow for it.
What Happened: Blockchain analytics firm Spot On Chain shows that a long inactive whale deposited 500 billion PEPE (~$5.7 million) to Coinbase on Jan. 28.
This trader initially bought 4.9 trillion PEPE for just $3,010 in April 2023 and has since cashed out $51.25 million (3.66 trillion PEPE), marking a 17,026x return.
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