####PEPEALERT (PEPE) Giant Moves Over 2 Trillion
Tokens - What's Occurring?
$PEPE In an extraordinary financial maneuver, a notable transaction involving the transfer of over two trillion Pepe (PEPE) tokens was observed and disclosed by Whale Alert. The transfer, amounting to a whopping $20.22 million, entailed the movement of funds from the crypto exchange Binance to Crypto.com. This immense transfer has triggered a flurry of speculation and analysis among observers and participants in the market alike.
Adding to the intrigue, a similar occurrence was noted just the day prior. According to Spot On Chain, another significant transfer occurred, wherein a crypto whale moved 500 billion PEPE tokens, valued at around $4.13 million, to the cryptocurrency exchange. Remarkably, this specific whale could potentially pocket a profit of $3.36 million if they choose to sell their holdings. It is noteworthy that this investor commenced trading PEPE a mere 10 days before this incident.
PEPE price sets sights on further momentum.
These substantial transactions emerge at a time when Pepe coin, alongside other popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE), is undergoing a slight downturn following a recent surge. This cooling-off period has sparked widespread speculation. Some market analysts propose that these whales may be seizing the opportunity to lock in profits at the elevated prices, while others speculate that these moves could be strategic maneuvers in anticipation of another potential price surge.
Despite the temporary pause in the market, PEPE's performance indicators remain strong. The current trading price of Pepe stands at $0.00000889, representing a 7.69% increase over the last 24 hours. More notably, the meme coin has witnessed a staggering surge of 706.54% in the past 30 days. Additionally, the trading volume for PEPE coin has surged by 49.68% within the same period, now totaling $1.73 billion.