Coinbase and Robinhood List PEPE: Whales Take Action and PEPE Price Rises by 50%$PEPE

Coinbase and Robinhood, the largest cryptocurrency exchanges in the US, announced yesterday that they had listed the popular memecoin PEPE. This development caused the price of PEPE to increase by more than 50% in the last 24 hours, while large investors (whales) also became active in the market.

PEPE Rises, Whales Continue Trading

Despite this significant increase in the price of PEPE, some whales continued to buy while others chose to sell for profit. According to data shared by Lookonchain, a large whale made a significant profit by depositing 500 billion PEPE worth $11.38 million on Coinbase.

This whale purchased 2 trillion PEPE by spending 1,173 Ethereum (ETH) for just $2.04 million between May 6 and September 10, 2023. Currently holding 1.5 trillion PEPE (worth about $36 million), this whale’s total profit has exceeded $45 million.

Some Whales Continue to Accumulate PEPE

On the other hand, some whales continued to buy after PEPE was listed on Coinbase and Robinhood. For example, a whale with the address “0x160f…Ab5B” bought 197.39 billion PEPE worth $4.8 million on Binance. This investor continued to buy because he believed that PEPE would gain even more value in the future.

Shocking Profit with PEPE Investment: Turned 26 Dollars into 61.5 Million Dollars!

Some whales chose not to sell at all despite PEPE’s rise. One of the most notable stories is a small investment made by an investor who believed in PEPE’s growth potential in April 2023. This investor bought PEPE by spending 0.013 ETH, worth only $26.

PEPE, which did not attract attention at the time, unexpectedly gained great value over time. This whale accumulated a fortune of $61.5 million when the price of PEPE increased with his $26 investment. This whale, who is currently making a huge profit, has chosen not to sell his PEPEs since the day he made the transaction.

However, this whale has been blacklisted by developers because it has not yet realized its profit. According to Lookonchain data, the address "0xaf23…df54534" has been blacklisted by developers and prevented from selling its tokens.

PEPE’s strong rise has not only created great opportunities for investors, but has also caused great movement and remarkable profit taking in the market. Stock market listings that have increased interest in PEPE and strategic purchases by whales may shape future price movements.