๐จ A Whopping $2M PEPE Purchase Shocks the Crypto World! ๐จ
An anonymous crypto whale has made headlines by purchasing 105.33 billion PEPE tokens in a single transaction, spending $2 million USDC! ๐ธ๐ฐ
According to Lookonchain, this is the whaleโs first-ever PEPE purchase, made on November 20 at 06:36 PM UTC. Prior to the transaction, the investor deposited $1 million and an additional $999,999 USDC, signaling a bold bet on the meme coin.
At present, the whale's portfolio holds 105.33 billion PEPE, making it their largest asset by value. This significant purchase comes amid a price dip in PEPE, showing the investorโs strong confidence in its potential.
๐ Whatโs Happening with PEPE?
Last week, PEPE reached an all-time high of $0.00002524 after being listed on Coinbase and Robinhood, with its market cap soaring from $8 billion to $10.46 billion! However, the price has since retraced, sparking caution among many investors.
But for whales, this dip is an opportunity! In fact, this isnโt the only big move:
On November 6, three whales accumulated 835.6 billion PEPE (~$7.94M) from exchanges like Gate.io and Binance.
One whale withdrew 535.81 billion PEPE ($5.09M) from Binance.
๐ก PEPEโs Rise to Fame
Launched last April at $0.00000005685, PEPE quickly caught the attention of top investors. It has since grown significantly, reaching a market cap of $8.13 billion and eliminating three zeros from its price!
Currently, PEPE trades at $0.00001931, down 18.45% in the past week. With whales continuing to accumulate, could PEPE be gearing up for its next massive rally?
Whatโs your take? Is this whale preparing for a big win, or taking a risky gamble? Let us know in the comments!
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