Anonymous Investor Draws Attention in the Crypto Community
An unidentified investor executed a massive transaction, purchasing over 105 billion PEPE tokens for $2 million. This single transaction has garnered significant attention and sparked discussions about the future of this meme coin.

According to data from Lookonchain, the transaction occurred on November 20 at 18:36 (UTC). Before the purchase, the investor transferred two deposits totaling $2 million to their address and then acquired 105.33 billion PEPE tokens, marking their first investment in this asset.

PEPE as the Largest Asset in the Portfolio

Following this transaction, the address now holds a balance of 105.33 billion PEPE, making it the largest holding in the portfolio by dollar value.

Growing Confidence Despite Price Decline

This purchase demonstrates the investor’s confidence in PEPE’s potential, despite recent price losses. Last week, PEPE reached an all-time high of $0.00002524, boosted by listings on Coinbase and Robinhood. Within hours, its market capitalization surged from $8 billion to $10.46 billion.

This spike sparked debates about whether PEPE could surpass Shiba Inu (SHIB) to become the second-largest meme coin by market capitalization. However, instead of continuing upward, PEPE began to decline, falling below $0.00002.

Whales Seize the Dip as an Opportunity

While the price drop caused concerns for many investors, some whales saw it as an opportunity for cheap accumulation. This anonymous investor wasn’t alone. Since the beginning of November, large crypto whales have been accumulating PEPE in significant volumes.

For example, on November 6, three major investors purchased a total of 835.6 billion PEPE (worth $7.94 million) from Gate.io and Binance. One whale alone moved 535.81 billion PEPE (valued at $5.09 million) from Binance to an unknown address.

PEPE Still Holds Growth Potential

PEPE has already demonstrated its ability to rapidly increase in value. Launched in April last year, the token started trading at an initial price of $0.00000005685 on Uniswap. Due to high investor interest, it quickly gained value, reaching a market capitalization of $1 billion.

Currently, PEPE is trading at $0.00001931 with a market capitalization of $8.13 billion. Despite a 5.13% drop in the past day and an 18.45% decline over the past week, investor interest in this meme coin remains strong.

What do you think? Is PEPE set for another rally, or is its golden era coming to an end?


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