Cryptocurrency tracker Whale Alert has purchased a mind-boggling amount of the Pepe meme cryptocurrency on a major cryptocurrency exchange in Turkey. Several billion Pepe have been withdrawn to an anonymous digital wallet.
Cryptocurrency tracker Whale Alert has purchased a mind-boggling amount of the Pepe meme cryptocurrency on a major cryptocurrency exchange in Turkey. Several billion Pepe have been withdrawn to an anonymous digital wallet.
This massive transaction was made after Pepe Coin demonstrated a major price increase followed by a small correction.
4 billion Pepe leaves the Paribu Stock Exchange
Just over three hours ago, an anonymous investor bought a gigantic amount of the popular Pepe meme coin on the leading Turkish cryptocurrency exchange, Paribu. The whale withdrew a staggering 4,049,371,347,309 PEPE. This amount of crypto is valued at $31,091,073.
Paribu has almost five million active users and has been operating in the market since 2017, the year Bitcoin skyrocketed to an all-time high of $20,000. The platform provides support for more than 60 cryptocurrencies traded against Turkish lira and stablecoins.
Another major PEPE purchase took place on Binance earlier this week. On May 3, an anonymous whale withdrew 331.3 billion PEPE to your wallet after paying $2.24 million for that piece of meme currency. In the last four days, this whale has withdrawn 660.7 billion PEPE worth $4.57 million from the Binance and MEXC exchanges.
PEPE shoots up more than 17%
Pepe continues his price increase, which began earlier this week. In the last 24 hours, the prominent meme coin has risen more than 17%, reaching $0.00000174. This was followed by a 4% drop. However, over the past hour, PEPE printed a large green candle on an hourly chart, rising 5.11%. At the time of this publication, the currency is trading at $0.00000801.
This is a massive 31.5% price increase since Wednesday of this week. One of the factors that has driven this price increase is the leading American exchange, Kraken. add a margin pair based on PEPEexposing the cryptocurrency to millions of traders.
PEPE emerged in April of last year. Created by an anonymous developer team, it was inspired by a popular meme based on the Pepe the Frog character. Several major exchanges quickly added support for PEPE last year, and this contributed to the expansion of its popularity in the cryptocurrency market.
