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$10M crypto whale moves narrow Shiba Inu and PEPE market cap gap amid price surge

Market News
28 Oct 2026, 15:41 WIB
UToday
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Bullish
$10M crypto whale moves narrow Shiba Inu and PEPE market cap gap amid price surge

Two dormant crypto whales transferred 2.27 trillion PEPE tokens worth $10.19 million, triggering a 10.8% price jump for PEPE and a 1.66% rise for Shiba Inu (SHIB). This activity narrowed the market cap gap between SHIB and PEPE to a historic low of $1.06 billion, highlighting renewed investor interest in these Ethereum-based memecoins. Despite typical risks of whale movements, buyers absorbed the supply quickly, signaling strong demand. The market dynamics now show PEPE closing in on SHIB's dominance, with large holders controlling most of the supply, making future price moves highly sensitive to whale actions.

As of Oct 28, 2026 20:04 WIB, SHIB trades at Rp0.0898 with a 1-day gain of 2.29%, while PEPE is priced slightly lower at Rp0.0891 but shows a stronger 1-day increase of 13.28% on Pluang. PEPE's market cap stands at Rp37.06 trillion compared to SHIB's Rp53.05 trillion, reflecting the narrowing gap noted in the news. Notably, PEPE's 24-hour trading volume of Rp11.38 trillion far exceeds SHIB's Rp1.08 trillion, highlighting heightened trading activity for PEPE.

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