During the stagnant period in the overall cryptocurrency market, Ethereum-based meme coins Shiba Inu (SHIB) and Pepe Coin (PEPE) continue to attract significant attention. These assets attracted attention by showing relatively stable performance despite the general market recession.
According to recently revealed data, SHIB and PEPE whales transferred large amounts. According to on-chain analytics platform Spot On Chain, two big whales recently transferred a total of $25.95 million worth of SHIB and PEPE to Binance.
The first whale, with the known address 0x42a, transferred 1.088 trillion SHIB to Binance, worth $18.12 million. This whale appears to have collected these coins in November and December 2023 and made a return of approximately 79%.
Another whale transferred 700 billion PEPE to Binance with the well-known address 0x837, and the value of this amount represents $ 7.83 million. However, it is stated that after this transfer, the whale still has 800 billion PEPE and the value of these PEPE is 9.22 million dollars. This indicates a total value decrease of 15%.
These whale movements once again reveal the volatile nature of meme coins. Shiba Inu and PEPE have shown resilience despite broad market declines, performing positively despite challenges, especially among major cryptocurrencies.
At the time of writing, the price of the Shiba Inu has increased by 1.67% to $0.0000175. Additionally, SHIB's trading volume increased by 116.76% to $373.07 million. Pepe Coin increased by 11% to 0.00001186 dollars, while its transaction volume increased by 103% and reached 957.27 million dollars.
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So who will benefit?
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I EXPLAIN IN DETAIL.
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WHEN WILL THE AWARD COME?
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