• The cryptocurrency influencer alleges that Dogecoin whales are utilizing bots to unfold FUD on the PEPE token.
• PEPE’s worth hits a brand new all-time excessive, surpassing Dogecoin and Shiba Inu in buying and selling quantity.
• Massive portfolio buyers proceed to build up PEPE regardless of the so-called FUD marketing campaign.

Amid the rising reputation of the PEPE token, cryptocurrency influencer ExitLiquidity454.eth accused Dogecoin whales of spreading worry, uncertainty, and doubt (FUD) in regards to the new meme coin. The influencer shared screenshots of bot accounts on Twitter urging folks to commerce PEPE tokens for Dogecoin and even claiming that the worth of PEPE will “tank” and buyers can have no likelihood to liquidate their belongings. The influencer wrote:

Bullish desperation for just lately deceased canine cash. #FROGSOVERDOGS.

Regardless of the alleged FUD marketing campaign, the PEPE group stays unfazed. Some customers declare that damaging consideration is definitely good for the meme piece. One such person states that PEPE has damaged by the fourth crypto wall and can supplant DOGE.

The value of PEPE just lately hit a brand new all-time excessive of $0.0000010947, surpassing each Dogecoin and Shiba Inu in buying and selling quantity. PEPE now ranks third within the meme coin class, with its 24-hour buying and selling quantity almost double that of Shiba Inu.

Information from crypto-intelligence tracker Santiment signifies that giant pockets buyers, or “whales,” holding greater than 1,000,000 PEPEs have been steadily hoarding the token since April 26. 10,000,000 PEPE tokens all continually added to their wallets.

Nevertheless, not all whales purchase the meme token. It was reported that one explicit PEPE whale bought round 100 billion PEPE for 21 Ethereum (ETH), price round $40,000, when the coin was valued at round $0.0000004007. This identical whale had already bought 5.9 trillion PEPE with 0.125 ETH 4 days earlier. Up to now, the whale has bought round 800 billion PEPE, or 14% of all PEPE, receiving 117 ETH (price $221.5,000) at a mean sale worth of $0.0000002744.

In a associated improvement, crypto change OKX introduced on Could 1 that it had listed the PEPE token, including to its rising visibility within the cryptocurrency market.