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)