Crypto Whale Makes Record Investment in PEPE Meme Coin
Crypto Whale Buys $10.4 Million in Meme Coin PEPE
A remarkable transaction has shaken the cryptocurrency market as a crypto whale reportedly invested $10.4 million into meme coin PEPE.
Crypto Whale Buys 1.24 Trillion PEPE Tokens
This substantial investment, unfolding amid a surge in market activity, has triggered intense discussion about the future of this meme-inspired digital asset.
- Spot On Chain, a well-regarded crypto analytics platform, spotlighted the transaction.
- This initial transaction was valued at approximately $7.75 million.
- In a swift succession, the same wallet executed additional withdrawals, totaling $10.4 million PEPE investment.
“Overall, the wallet has withdrawn 1.238 trillion PEPE via 2 transactions from Binance at $0.000008424 on average ($10.4 million) in the past 28 hours for the first PEPE trade. Previously, the whale had gained $146,000 (+14.2%) from one INJ trade but lost $118,000 (-8.01%) from one RNDR trade. The whale did not hold both tokens for long,”
PEPE Whale Transaction. Source: Spot On Chain
Currently, PEPE exhibits promising market trends, with a stable market sentiment and growing investor confidence. The influx of capital into PEPE reflects an expanding interest in niche cryptocurrencies and the potential for exploring new market opportunities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.