Just recently, two Pepe Whales were spotted making some significant moves. They purchased a staggering 1.56 trillion Pepe tokens, shelling out 1,100 Ethereum (equivalent to $2.06 million) in a single day.
The data shared by on chain analyst Lookonchain shows that the first whale, known as yougetnothing.eth, spent 600 Ethereum ($1.12 million) to acquire 874 billion Pepe tokens at a price of $0.000001286 per token. This transaction occurred approximately 12 hours ago.
Not long after, another whale, 0x4631, followed suit. This whale spent 500 Ethereum ($936K) to purchase 685 billion Pepe tokens at a price of $0.000001366 per token, about 6 hours ago.
For those unfamiliar with the term, a “whale” in the cryptocurrency world refers to an individual or entity that holds a large amount of a particular cryptocurrency. In this case, these Pepe Whales hold a significant amount of Pepe tokens.
Pepe’s price performance over the past month has been quite remarkable. Starting from July 1, 2023, the price of Pepe was $0.000001556. Over the course of the month, the price fluctuated, reaching a high of $0.00000188 on July 14, 2023. As of July 26, 2023, the closing price was $0.000001333.
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Show more +In the last 24 hours, Pepe has experienced a price surge of 6.21%. The trading volume for the same period stands at a substantial $125,862,692, while the current market capitalization of Pepe is an impressive $530,299,454.
This price movement indicates a growing interest in Pepe tokens, potentially driven by the actions of these Pepe Whales. Their large purchases could be a sign of confidence in the future performance of Pepe, which may influence other investors to follow suit.
Pepe is a cryptocurrency that has been gaining traction in the market. It’s part of the wider trend of meme coins, digital currencies that started as internet jokes but have since gained serious market value.
The question on everyone’s mind is: with Pepe surging, is it poised to skyrocket? While it’s impossible to predict with certainty, the actions of these Pepe Whales could be a positive sign. After all, in the world of cryptocurrencies, where volatility is the norm, the movements of whales often have a significant impact on the market.
