4 Trillion PEPE Mysteriously Bought on Top Centralized Exchange as Price Jumps 17.4%
Release: 2024/05/03 22:28 Reading: 574
Cover image via U.Today
Whale Alert cryptocurrency tracker has acquired a staggering amount of meme cryptocurrency Pepe on a prominent crypto exchange in Turkey. Several trillion Pepe have been transferred to an anonymous digital wallet.
This substantial transaction occurred after Pepe coin experienced a significant price surge followed by a slight correction.
4 Trillion Pepe Depart Paribu Exchange
Approximately three hours ago, an anonymous investor purchased an immense quantity of the popular meme coin Pepe on the leading Turkish cryptocurrency exchange Paribu. The whale withdrew a colossal 4,049,371,347,309 PEPE. This amount of crypto is valued at $31,091,073.
? ? 4,049,371,347,309 #PEPE (31,091,073 USD) transferred from #Paribu to unknown wallethttps://t.co/tVYqZmNPH2— Whale Alert (@whale_alert) May 3, 2024
Paribu boasts nearly five million active users and has been operating in the market since 2017 – the year when Bitcoin reached its all-time high of $20,000. The platform offers support for over 60 cryptocurrencies traded against the Turkish lira and stablecoins.
Another major purchase of PEPE occurred on Binance earlier this week. On May 3, an anonymous whale withdrew 331.3 billion PEPE to their wallet after spending $2.24 million on this portion of the meme coin. In the past four days, this whale has withdrawn 660.7 billion PEPE valued at $4.57 million from the Binance and MEXC exchanges.
PEPE Surges Over 17%
Pepe's price continues to rise, a trend that began earlier this week. Over the last 24 hours, the prominent meme coin has gained over 17%, reaching $0.00000174. This was followed by a 4% decline. However, in the past hour, PEPE has printed a substantial green candle on the hourly chart, indicating a 5.11% increase. At press time, the coin is trading at $0.00000801.
This represents a remarkable 31.5% price surge since Wednesday of this week. One contributing factor to this price increase is the addition of a PEPE-based margin pair by the major U.S. exchange Kraken, exposing the cryptocurrency to a wider audience of traders.
PEPE was introduced in April of last year. Created by an anonymous team of developers, it was inspired by a popular meme featuring the Pepe the Frog character. Several major exchanges promptly added support for PEPE last year, contributing to its growing popularity within the cryptocurrency market.
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