Coincidence? Whale Buys 555 Billion PEPE Tokens After Musk's Post
Release: 2024/12/10 17:59 Reading: 920
Key Points:
- A crypto whale purchased 555 billion PEPE tokens for 13.8 million DAI, with an average price of $0.000025 per token.
- Elon Musk's AI company, xAI, introduced Aurora, a feature for Grok that allows users to generate memes and artistic text.
- The whale's PEPE purchase coincided with Elon Musk's AI-generated meme that featured the PEPE character.
Whale Purchases 555 Billion PEPE Tokens
According to Lookonchain, nine wallets linked to a single crypto whale spent approximately 13.8 million DAI within two hours to acquire 555 billion PEPE tokens, with an average price per token of $0.000025.
Musk's AI-Generated PEPE Meme
The whale's activity overlapped with Elon Musk posting an AI-generated image captioned "Demented nightmare fuel." The image, inspired by the PEPE meme, was created using text input requesting a funny Pepe meme about creating Pepe memes. Musk's posts often influence crypto markets.
Aurora, xAI's New Feature
Musk's AI company, xAI, recently updated its Grok AI model with Aurora. This feature allows users to automatically generate images, memes, and artistic text within the X platform.
Timing of Events
The timing of the whale's PEPE purchase and Musk's meme post has raised speculation about a possible connection.
Quick Take
Launched in 2023, Pepe has become a top 20 cryptocurrency by market capitalization, competing with Dogecoin and Shiba Inu.
Trading Activity
A notable trader reported by Lookonchain invested $3,000 to acquire 4.91 trillion PEPE on April 15, 2023. Since then, the trader has reportedly sold 3.03 trillion PEPE and cashed out $27.5 million.
Current Market Performance
Pepe is currently trading at $0.0000255, showing a 2% gain in the last 24 hours and a 25% increase over the past week, as per CoinMarketCap data.
Disclaimer: The information provided is general market commentary and not intended as investment advice.
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