As the week begins, there is a huge fluctuation in the cryptocurrency market. During this period, a large Pepe Coin$PEPE
The whale’s shift to EIGEN has sparked significant market discussions. In particular, on-chain data points to a massive whale sell-off of 130 billion PEPE coins. However, the investor diversified his portfolio by simultaneously buying more than 200,000 Ethereum-based tokens. This shift between the decline in the meme coin and the gain in the EigenLayer ecosystem token attracted the attention of market participants.
The Giant Pepe Coin Whale Is Buying EIGEN$EIGEN
According to Spot On Chain’s whale data on November 25, a large whale sold 74.07 billion Pepe Coins worth $1.53 million for 448.1 ETH as the price of the PEPE coin fell. The same whale sold 130.2 billion meme coins worth $2.71 million for 891 ETH in the last three days. This massive sale has caused tension in the market. However, it was observed that the super whale still holds 3.241 trillion PEPE coins and made a profit of $68.3 million, a 12.6x profit. In the last two days, the same whale spent 181.3 ETH to buy EIGEN for 217,348 tokens. This move has left the whale currently moving 1.608 million EigenLayer tokens worth $4.31 million, an 11% profit. This exchange appears to have created significant optimism around the main token of the EigenLayer ecosystem, with market watchers continuing to keep a close eye on the meme coin’s price.
Following the sale of the super whale, the PEPE coin price fell. However, the buying pressure from Ethereum-based tokens pushed the price of EIGEN higher. The price of PEPE fell by 2 percent on the day and 5 percent on the week to $0.00002026. The lowest price in 24 hours was $0.00001918, and the highest price was $0.00002086. The price of EIGEN increased by approximately 7 percent during the day and 23 percent on a weekly basis, reaching $3.06. The lowest price of EIGEN in 24 hours was $2.56, and the highest price was $3.07. The price analysis for the PEPE coin shows that the meme coin can reach the $0.000025 level and has great potential for upward momentum. This optimistic forecast is based on technical bullish formations on the price chart of the frog-themed cryptocurrency. Market watchers are keeping a close eye on both coins to monitor their future price movements.
