The accumulation of Pepe whales is increasing, long-term keepers are declining

These tokens are now worth about $7 million.

One of the biggest increases in Pepe whale net inflows occurred on November 14, when large holders accumulated 4.7 trillion PEPE coins as the price reached $0.000023, according to ITB data. Since then, the price of the meme coin has been consolidating below this mark.

On the other hand, the number of medium and long-term PEPE holders has decreased over the past month. According to ITB data, the number of addresses holding the meme coin for over a year fell from 91,200 on November 11th to 89,000 on December 3rd.

Cruise ships holding PEPE between one and 12 months fell from 200,000 on November 8 to about 89,000 yesterday. However, the number of PEPE merchants with a retention period of less than a month increased by 262% in the last 30 days, reaching 72,000 unique addresses.

Pepe has consolidated to near $0.000020 over the last day, with a market cap of $8.69 billion. 24-hour trading volume fell 1% to $3.48 billion.

At this point, it is very likely that PEPE’s upward momentum will be blocked by short-term traders unless there is another wave of strong whale accumulation. This puts the meme coin in an extremely volatile zone.