No Longer Funny? Crypto Whales Move $26M in Meme Coins SHIB and PEPE Amid Market Downturn

Two large whales have deposited roughly $26 million worth of two leading meme-inspired cryptocurrencies – Shiba Inu ($SHIB) and Pepe Coin ($PEPE) – on leading cryptocurrency exchanges at a time in which market prices have plunged amid a wider market downturn. According to on-chain analytics firm SpotOnChain, one whale deposited 1.08 trillion SHIB tokens worth