An on-chain analytics resource, Lookonchain, has reported unusual activity from a mysterious whale in the Pepe token market. The whale deposited 3.94 trillion PEPE tokens, worth $7 million, to a Binance-associated wallet in a single transaction and booked a profit of approximately $650,000 as the price of PEPE surged by 17% in the past 24 hours.

Another whale, "0x37df," continues to accumulate PEPE tokens and currently holds 890.6 billion PEPE, with an average cost of around $0.0000014. Pepe has seen a resurgence in price due to a recent judicial ruling declaring XRP not to be a security and has gained momentum on social media with 400,000 Twitter followers and 130,000 on-chain holders.