Whale moves over $20M PEPE from Binance, What’s the buzz?
Release: 2024/03/14 01:04 Reading: 434
Whale Alert recently flagged a momentous transaction, spotlighting the transfer of an astonishing two trillion Pepe (PEPE) tokens. Speculation emerges while doing analysis of these transactions. Concurrently, amid heightened anticipation surrounding Telegram’s prospective IPO, the crypto industry experienced a notable upswing in Toncoin (TON) value witnessing an impressive 18% surge over the previous 24 hours.
? 2,248,769,006,203
Huge amounts of PEPE movedCrypto.com is where the $20.22 million was moved from Binance. Moreover, the same thing had occurred just yesterday. Another significant transaction took place in which a crypto whale moved 500 billion PEPE tokens worth approximately $4.13 million to OKX crypto exchange as reported by Spot On Chain.
This very whale could obtain as much as $3.36 million in profits if he sold these assets today unbelievably enough, this investor started buying and selling PEPE only ten days before this.
These big deals come at a time when meme token Pepe Coin is having some bearish trends together with other popular meme coins such as Dogecoin (DOGE) or Shiba Inu (SHIB) after the recent surge. This lull has led to many suspicions going around. Some market analysts have suggested that these whales might be looking to cash in on the high prices, whereas others believe it could be tactical steps preparing for another probable price hike to occur later on.
Despite temporary market downtrend, PEPE’s performance metrics are still strong. Pepe is currently priced at $0.00000851 in the volume (up 3.62% in 24 hours). On top of that, this meme coin has surged by astronomical 698% within the last one month, as per reports.
Mysterious TON coin whaleTelegram’s potential IPO caused a significant rise in Toncoin (TON) prices which went up by 19% within a day amid high expectations, per reports. The excitement comes on the heels of an early week report in Financial Times that Telegram, a prominent messaging app is about to be listed with initial estimated value of $30 billion.
With almost reaching the gigantic landmark of 900 million users, Telegram is a formidable player in the technology industry and is inching closer to becoming profitable.
Adding more wood to fire, Spot On Chain revealed interesting things about one particular investor only known as “0x1ee”. This mystery person reportedly spent out 214 ETH worth nearly $852K over the past twenty five hours buying 209,237 TON tokens at an average rate of $4.07 per each unit sold. It’s worth mentioning that this undisclosed whale has been highly successful achieving an impressive win ratio of 66.6% and made around $2.48M from six out of nine trades made so far.
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