Release: 2024/11/06 19:09 Reading: 409
Whale Purchases a Substantial Amount of Pepe Coin
Recent market activity has witnessed a growing interest in the memecoin Pepe Coin (PEPE), driven by the involvement of crypto whales. Data from BlockBeats' Spot On Chain reveals that a single whale acquired approximately $507 million worth of PEPE coins.
Whale's PEPE Transaction and Past Trades
The whale, believed to possess a smart crypto wallet starting with "0x51c...," transferred $5.5 million worth of Tether (USDT) to the Binance exchange. Subsequently, the whale withdrew approximately 535.81 billion PEPE coins from the exchange, totaling around $5.07 million in value.
Examination of the whale's transaction history suggests previous successful trades in PEPE, BRETT, TUBRO, and LINK coins, yielding a total profit of $2.016 million. However, the whale also incurred a loss of $238 thousand in trades involving ONDO and FLOKI coins.
Renewed Attention on PEPE Coin
The recent high-volume purchase of PEPE coins has reignited interest in this particular altcoin. The impact of the transaction on the whale's profitability remains to be seen.
Increased Appeal of PEPE Coin
Despite the volatility inherent in the cryptocurrency market, Pepe Coin has recently attracted significant attention. Fluctuations in its value and interest from major investors indicate that this altcoin has established a presence in the cryptocurrency landscape.
As of this writing, PEPE coin is trading at $0.000009201, representing a 12.57% increase over the past 24 hours. Trading volume has surged by 123.57% to $1.29 billion, coinciding with the price increase.
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