Whale Buys Billions of PEPE, Potential for Price Surge
Release: 2024/08/29 17:44 Reading: 826
Whale Acquires Massive PEPE Holdings, Signaling Market Surge Potential
A whale has made a substantial purchase of 173 billion PEPE tokens, valued at 1.34 million USDC. This acquisition coincides with a broader digital asset market downturn, and the crypto community anticipates a potential market reversal based on PEPE's subsequent price increase.
According to an analysis by blockchain company Lookonchain shared on social media platform X, the whale's investment has already yielded an impressive 886% return, with a profit of $1.77 million. Lookonchain notes the whale's continued optimism towards the token:
"This trader invested 200K $USDC in 170B $PEPE on October 25, 2023, holding it until July 25, 2024, when it was sold for 1.97M $USDC, resulting in a $1.77M (+886%) profit!"
CoinMarketCap data indicates that PEPE has outperformed the market during the recent rally, with an 826.49% increase since August 2023. At the time of this , PEPE is trading at $0.57818, up 1.80% in the last 24 hours.
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