1.28 Trillion PEPE Exits Binance in Epic Whale Shift
Release: 2024/07/02 19:34 Reading: 523
Major Whale Activity Involves Trillions of PEPE Tokens
In a significant event that has piqued the curiosity of the cryptocurrency community, substantial whale activity was observed when 1.28 trillion PEPE tokens exited Binance. This massive transaction was reported by Whale Alert, a prominent blockchain tracker that monitors significant crypto transfers.
The transaction involved a colossal 1,286,733,285,955 PEPE tokens, valued at approximately $14,745,963, moving from Binance to an unknown wallet. However, further investigation revealed an intriguing detail. Data from Etherscan indicates that the recipient was a Binance-named address, "Binance 70."
This revelation has led to speculation that the transaction may not be an external transfer as initially believed, but rather an internal reshuffling of funds by Binance itself. The identification of the receiving address as an internal Binance address suggests that the transaction may be part of Binance's routine operations rather than an external withdrawal by a whale investor.
Despite the substantial volume of the transfer, the price of PEPE has experienced a minor decline, falling by 1.59% in the last 24 hours. This slight dip indicates that the market has not reacted dramatically to the transaction, potentially due to its internal nature.
PEPE Price Action
The frog-themed meme token PEPE has been consolidating in recent weeks. After reaching its all-time high of $0.00001722 on May 27, the PEPE price has created a range-bound movement, keeping traders on their toes.
Currently, PEPE is trading below the daily SMA 50 at $0.0000126. A breakout above this level could be significant, potentially signaling the start of a new bullish phase. Such a breakout would not only indicate an exit from its lower price range but could also attract more buyers and ignite fresh bullish momentum.
At the time of writing, PEPE was down 1.3% in the last 24 hours to $0.000011.
Recent news
More>- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 (22 Nov) 11-23
- New Solana Memecoin Shiba Eats Pepe to Skyrocket 16,000% Before Exchange Listing, as Dogecoin and Bonk Fall 11-23
- Top Trader Calls Dogecoin Budget XRP — Here's Why 11-23
- PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? 11-23
- $1k in Dogecoin in 2021 Worth $200,000 Today, Analyst Points to a New Opportunity to Repeat It 11-23
- $440 in Dogecoin (DOGE) Could Turn Into $44000 by November 2025, But One DOGE Alternative Will Do It in 8 Weeks: Surprisingly, It’s Not Shib... 11-23
- 3 Altcoins Priced Under $1 That Could Skyrocket By 6500% 11-23
- DOGE eyes $4 as Bonk and a new coin’s recent breakout hint at potential future trends 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com