🔥 Has PEPE’s Recent Bullish Turn Propelled This Dormant Whale?

This weekend has not entered into slumber, as Bitcoin spurs into bullish runs. The cryptocurrency surged to the $102K level in the past day. This has stirred some activity in the market, and the altcoin sector has shown mixed signals toward the bullish run. Meanwhile, a particular PEPE whale has caught market attention.

According to LookOnChain reports, a dormant PEPE whale, a few hours ago moved all of his 2.1 trillion PEPE holdings to a new address. The whale showed activity after a dormancy period of 600 days (1.6 years). This particular individual spent 0.0135 ETH worth $27 to buy the PEPE. His current holdings are valued at approximately $52 million.

🔥 A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

This whale initially only spent 0.0135 $ETH($27) to buy 2.1T $PEPE and has held it until now.

From $27 to $52M—an extraordinary 1,900,000x return!https://t.co/Et442zxUGk pic.twitter.com/35sp0Iu46E

— Lookonchain (@lookonchain) December 14, 2024 $PEPE #BinanceNextWave #Write2Earn! #MicroStrategyJoinsNasdaq100 #CryptoUsersHit18M #BinanceLaunchpoolVANA $BTC