In an unprecedented turn of events, Pepe coin rallied nearly 23% today, July 16, against the backdrop of a VC’s massive 141 billion PEPE accumulation. On-chain insights reveal that Nascent, a Venture Capital, heavily bagged Pepe coin amid its price upswing, primarily swapping its previous crypto holdings. This event has projected a ray of optimism on the frog-themed meme coin’s future price movements. So, let’s delve deeper into the current market statistics and what it means for the price action ahead.