---
title: "Meme Coin Whales on the Move: Stacking Up on PEPE, Dumping WIF"
url: https://diffcoin.com/meme-coin-whales-on-the-move-stacking-up-on-pepe-dumping-wif/
description: "The PEPE accumulation came amid the asset's all-time high."
published: 2024-12-08
updated: 2024-12-08
author: "Mila"
site: "Diffcoin"
---

# Meme Coin Whales on the Move: Stacking Up on PEPE, Dumping WIF

**TL:DR;**

- Whales continue to make big moves in the cryptocurrency market, and some keep accumulating PEPE.
- At the same time, others have decided to possibly part with WIF holdings and secure substantial profits.

Lookonchain data has repeatedly outlined the growing demand from large investors toward the third-largest meme coin – PEPE. The latest substantial acquisition came hours ago as two wallets, perhaps belonging to the same entity, spent almost $5 million in USDC to accumulate over 190 billion PEPE.

This came amid the asset’s price rally that pushed it beyond $0.000026 for the first time ever on Saturday evening.

> Whales are buying [$PEPE](https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw)!
> 
> 2 wallets (likely belonging to the same whale) spent 4.89M [$USDC](https://twitter.com/search?q=%24USDC&src=ctag&ref_src=twsrc%5Etfw) to buy 190.14B [$PEPE](https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw) at an average price of $0.00002572 in the last 6 hours!
> 
> Address: 
>  0xcb1f2b9562a7a4e2029db54d504dfe4b1e46b7dc 
>  0xb721c74a0a1c97187146d1fe7df94a9d8752481d [pic.twitter.com/LomPm6rg4F](https://t.co/LomPm6rg4F)
> 
> — Lookonchain (@lookonchain) [December 8, 2024](https://twitter.com/lookonchain/status/1865605723859939690?ref_src=twsrc%5Etfw)

Whales have been on a buying spree in the past few months, which only accelerated after the US elections as the self-proclaimed ‘pro-crypto’ choice – Donald Trump, secured a landslide win.

However, another large investor has showcased a different attitude toward another popular meme coin, WIF. More Lookonchain data indicated that they deposited $9.5 million worth of the asset to Coinbase, perhaps to offload the fortune.

In case they indeed sell the tokens, they will realize a net profit of around $8.5 million as they accumulated the stash nearly a year ago.

> A whale deposited 2.78M [$WIF](https://twitter.com/search?q=%24WIF&src=ctag&ref_src=twsrc%5Etfw)($9.5M) to [#Coinbase](https://twitter.com/hashtag/Coinbase?src=hash&ref_src=twsrc%5Etfw) 12 hours ago.
> 
> This whale spent 9,300 [$SOL](https://twitter.com/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw)($1.02M at that time) to buy 2.78M [$WIF](https://twitter.com/search?q=%24WIF&src=ctag&ref_src=twsrc%5Etfw) 10 months ago, with a profit of $8.48M! [pic.twitter.com/hkoJe6PoK8](https://t.co/hkoJe6PoK8)
> 
> — Lookonchain (@lookonchain) [December 7, 2024](https://twitter.com/lookonchain/status/1865266847089856835?ref_src=twsrc%5Etfw)

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