Pepe Whale Activity Sees Significant Jump Amid Market Volatility

A significant surge in whale activity has been observed in the Pepe cryptocurrency, with its Whale Transaction Count jumping 60% in the past week.

According to on-chain data from Santiment, this increase is among the highest in the market. The firm's analysis suggests that a rise in whale activity can be a sign of increased interest from large investors and may potentially lead to market volatility.

While Pepe has not been making headlines recently, its whale activity spike is notable. The cryptocurrency's price has also pulled back over the last few days, with a 3% decline in the past 24 hours.