After the value of the frog-themed memecoin Pepecoin dropped by approximately 15% due to recent modifications to a multisig wallet and concerns about potential developer manipulation, a significant Pepecoin holder spent 320 Ether valued at $529,000 to acquire 640 billion Pepecoin tokens.
According to a post on X (formerly known as Twitter) shared by the on-chain analytics platform Lookonchain, the whale purchased the Pepecoin (PEPE) at an average price of $0.000001163.