On Sunday morning, an unknown cryptocurrency whale purchased 231.6 billion PEPE tokens from Kraken, valued at approximately $2.9 million. This recent purchase adds to the whale’s total holdings of 750.34 billion PEPE, which is equivalent to $8.34 million since mid-March, reports look chain.
On Sunday morning, an unknown cryptocurrency whale purchased 231.6 billion PEPE tokens from Kraken, valued at approximately $2.9 million. This recent purchase adds to the whale’s total holdings of 750.34 billion PEPE, which is equivalent to $8.34 million since mid-March, reports look chain.
PEPE, a meme cryptocurrency inspired by a famous cartoon frog, has been a hot topic since its debut last May. The token has seen significant buying and selling activity from several investors, including the largest. A year later, the trend continues and major transactions continue to make headlines.
Godfrey Benjamin
The whale’s recent investment indicates a strong belief in PEPE’s potential for further growth. This is notable given the token’s already impressive gains. Speculation is that this whale is expecting further bullish movement, possibly driven by bullish market trends.
Despite a volatile market, recent whale activity suggests a positive outlook for PEPE on its behalf. The token is currently trading at $0.000013 per token, 40% below its all-time high, but still an impressive 1.040% higher than at the beginning of the year.
Interestingly, PEPE often moves in sync with Ethereum (ETH), making it a potential indicator of ETH performance. This unique relationship adds another layer of interest to the popular cryptocurrency meme.
Dan BurginOverall, the major US exchange’s major PEPE purchase is a notable event in the cryptocurrency market, suggesting a bullish outlook for the meme-based token. Enthusiasts better watch closely to see if this whale’s gamble pays off.
