Two Wallets Score Big with Popular Meme Coin Pepe
Release: 2024/02/28 14:39 Reading: 277
You can also read this news on COINTURK NEWS: Two Wallets Score Big with Popular Meme Coin Pepe
On-chain data shows that two wallet addresses invested in the popular memecoin Pepe (PEPE) and secured significant gains before a nearly 130% increase in price over the last seven days. Accordingly, the wallet addresses starting with 0xe58… and 0xd9b… have presented a prime example of the high profitability brought by speculative cryptocurrency trading by earning over $650,000 from their recent investments in Pepe.
Unrealized Profits Over $650,000
On-chain data provider Spot On Chain reported that the wallet address starting with 0xe58… withdrew a large amount of PEPE tokens from Binance on February 25 and 26, after being inactive for 1.8 years. The wallet address now holds 1.03 trillion PEPE tokens worth $2.74 million, which corresponds to an unrealized profit of $1.33 million, a 94% increase in profitability due to PEPE’s recent price surge.
src="/uploads/20240228/170910383865dedade48f08.png">
On the other hand, the second wallet address starting with 0xd9b… purchased 501.3 billion PEPE tokens on February 25, just before a significant rise in the altcoin’s price. The tokens acquired by this wallet are currently worth $1.34 million, which translates to an unrealized profit of $660,000, a 95% increase in profitability.
The Speculative Nature of the Crypto Market
These notable profits are part of the high volatility and speculative nature of the cryptocurrency market, where sharp price movements can result in significant gains or losses for investors.
Like PEPE and many other memecoins, it is experiencing a period of rapid price increase driven by speculation and market sentiment. The rise in PEPE’s price over the past seven days has caught the attention of opportunistic investors looking to benefit from short-term price movements.
While some investors see altcoins like PEPE as a tool to capture quick profit opportunities, others warn against investing in such highly volatile assets with uncertain fundamentals.
Despite the potential for high returns, investing in memecoins like PEPE carries risks, including high losses due to sudden price changes or market manipulation. Investors are advised to conduct their own research and exercise caution when trading speculative assets like PEPE in the cryptocurrency market.
The post first appeared on COINTURK NEWS: Two Wallets Score Big with Popular Meme Coin Pepe
Recent news
More>- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 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