Big Investment: 105 Billion PEPE Purchased for $2 Million
Anonymous Investor Grabs Attention of Cryptocurrency Community
An unidentified investor made a massive transaction, purchasing over 105 billion PEPE tokens for $2 million. This single transaction has attracted a lot of attention and sparked discussions about the future of this meme coin.
According to Lookonchain data, the transaction took place on November 20 at 18:36 (UTC). Before the purchase, the investor transferred two deposits totaling $2 million to his address and then acquired 105.33 billion PEPE tokens, marking his first investment in this asset.
PEPE as the Major 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 wallet by dollar value.
Growing Confidence Despite Falling Prices
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, supported by listings on Coinbase and Robinhood. In a matter of hours, its market capitalization increased 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 cap. However, instead of continuing to rise, PEPE began to decline, falling below $0.00002.
Whales Seize the Downturn as an Opportunity
While the price drop has raised concerns for many investors, some whales have seen it as an opportunity for economic accumulation. This anonymous investor was not alone. Since early November, large cryptocurrency whales have accumulated PEPE in significant volumes.
For example, on November 6, three large investors purchased a total of 835.6 billion PEPE (valued at $7.94 million) from Gate.io and Binance. A single whale moved 535.81 billion PEPE (valued at $5.09 million) from Binance to an unknown address.
PEPE Still Has Growth Potential
PEPE has already demonstrated its ability to rapidly increase in value. Launched in April last year, the token began 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.
PEPE is currently trading at $0.00001931 with a market cap of $8.13 billion. Despite a 5.13% decline in the last day and a 18.45% decline in the last week, investor interest in this meme coin remains strong.
What do you think? Is PEPE ready for another run, or is his golden era coming to an end?
#pepe⚡ ,#PEPE_EXPERT, #memecoin🚀🚀🚀 ,#CryptoNewss, #MemeCommunity
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