While this rise in BTC mobilized the entire cryptocurrency market, mem tokens also made good gains.

Accordingly, the largest meme token, Dogecoin, increased by 32% in the last 24 hours and exceeded $ 0.1. Apart from DOGE, PEPE also recorded an increase of approximately 10% in the last 24 hours, and a smart whale evaluated this rise.

According to Spot on Chain's post, a smart whale took advantage of the rise in PEPE and sent the entire 1.97T PEPE (worth $6.06 million) to Binance, making a profit of $3.47 million.

Additionally, the giant whale purchased SHIB from Binsnce after the sale of PEPE. This move of the whale brought to mind the question of whether a SHIP rally is imminent.

“After PEPE reached the new ATH, smart whale (0x37d) deposited the entire 1.97T PEPE ($6.06 million) on Binance about 7 hours ago and earned $3.47 million (+135%) if he actually sold it .

Moreover, the whale bought 75.91B SHIB (worth $893 thousand) from Binance for the first time about 1 hour ago. Is there a bullish expectation for a SHIB pump soon?

PEPE is at $0.000002991 at the time of writing; SHIB continues to be traded at $0.00001396.

After $PEPE reached new ATH, smart whale 0x37d deposited all 1.97T $PEPE ($6.06M) to #Binance ~7hrs ago, making $3.47M (+135%) if truly selling.

Moreover, the whale withdrew 75.91B $SHIB ($893K) from #Binance for the first time ~1hr ago. Bullish for a $SHIB pump soon? 🤔

Follow… pic.twitter.com/dEX9SgQXrR

— Spot On Chain (@spotonchain) February 29, 2024

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