On-chain data reveals that the whale address Deltacorpse.eth, renowned for catching PEPE at its $2 million market cap, executed a significant trade today: purchasing 21.2 million $BULL tokens for $100,200 and immediately locking them in a smart contract. The move is widely interpreted as a strong long-term bet on the token.
Whale Background: An Early PEPE Pioneer
Deltacorpse.eth enjoys high recognition in the crypto community, most famously for loading up on PEPE when its market cap was just $2 million, later reaping hundreds-fold returns. By entering $BULL at a low market cap and adopting a token lock strategy, the whale mirrors its previous PEPE playbook. Analysts note that locking tokens typically signals an intention to hold rather than dump, reducing circulation supply and potentially boosting price.
Market Reaction: Coordinated Rise of $BULL and PEPE
Following the news, $BULL token price surged 6.31% in 24 hours, while PEPE also gained 1.56%. On-chain exchange activity for $BULL spiked, with several small to mid-sized wallets following the whale. The purchased 21.2 million tokens represent approximately 4.2% of $BULL's total circulating supply (based on public data), highlighting relatively high concentration risk.
Token Lock Mechanism: A Long-Term Bullish Signal
According to the lock contract code, Deltacorpse.eth has locked the tokens until June 2027, during which they cannot be transferred or sold. Such lengthy locks are usually perceived as a strong confidence vote, especially in the current volatile crypto landscape. A similar lock by another whale on a Meme coin project in 2025 preceded a 10x rally, though past performance does not guarantee future results.
As of now, the $BULL project has not issued any official statement. Community speculation ranges from insider knowledge of the project's roadmap to pure speculative allocation. Multiple analysts advise caution against FOMO. Phemex News reminds readers that this content is for informational purposes only and does not constitute financial advice.