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Whale Transfers $10.2M of PEPE Tokens Narrow Market Cap Gap with SHIB

Two previously dormant wallets moved a total of 2.27 trillion PEPE tokens valued at $10.19 million, with one address transferring $6.53 million after a year of inactivity and the other sending $3.66 million after four months. The transfers sparked a sharp rally, with 84 % of the twelve‑hour trading volume occurring in the last six hours and PEPE’s daily price increase exceeding 10.8 % on TradingView. Shiba Inu (SHIB) also rose 1.66 %, narrowing the market‑capitalisation gap between the two memecoins to a historic low of $1.06 billion. Arkham Intelligence data showed that large holders still control about 94.66 % of PEPE supply, while Tron founder Justin Sun added 2.82 % of the token (about $51.25 million) over the past ten days.

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