The exchange rate of the popular meme token PEPE, named after the frog of the same name, fell 15% overnight. However, that didn’t stop the owner of significant amounts of the token from buying another 640 billion PEPE.
According to the Lookonchain platform, the PEPE “whale” has been building up a position for quite some time now. He has now bought 640 billion tokens at 320 ETH ($529,000)
Sophie Berger covers EU regulation and policy from Brussels. With a Master's in European Affairs from Sciences Po and five years at Politico Europe, she tracks MiCA implementation, ECB digital-euro work and ESMA enforcement. Sophie is fluent in French, German and English, and has interviewed three EU commissioners on record. Her policy briefs are read across the BTCNews newsroom every morning.
