dailyhodl.com
An Ethereum ($ETH) whale has accumulated more than $1 million worth of the Shiba Inu (SHIB) memecoin competitor Pepe ($PEPE) in the past month, according to the blockchain tracker Lookonchain.
Lookonchain notes that the pseudonymous trader OSF spent 141 $ETH worth $261,000 to buy 173 billion $PEPE earlier this week.
Since June 14th, the whale has spent a total of 536 $ETH worth nearly $1.04 million to buy 613 billion $PEPE.
Pepe is trading around $0.00000149 at time of writing and is down 0.4% in the past 24 hours. The volatile frog-themed memecoin is up 66.8% in the past month but down 65% from its all-time high of $0.00000431, which it hit on May 5th, only a few weeks after launching in mid-April.
Lookonchain also speculates that it’s possible a couple of institutions may be buying up the native tokens of the decentralized finance (DeFi) stablecoin lending project Curve ($CRV).
The blockchain tracker notes that four new wallets have withdrawn a total of 10.2M $CRV worth $8.12 million from top crypto exchange Binance in the past seven days. The four wallets only hold $CRV.
$CRV is trading for $0.785 at time of writing. The 65th-ranked crypto asset by market cap is down 0.75% in the past 24 hours but up more than 1% in the past week.