As of December 20, 2024, there have been notable developments concerning #pepecoin🐸 #pepe⚡ (PEPE) coin
Founder Identification: Zachary Testa has been identified as a key figure behind PEPE coin. This revelation came after a significant price drop of approximately 20%. Testa is under scrutiny for transferring $15.5 million worth of PEPE to major exchanges like Binance, which may have influenced the coin's market value.
Whale Activity: A large holder, or "whale," deposited 150 billion PEPE tokens (valued at $2.72 million) into Binance, possibly to mitigate losses amid the coin's declining price. This same whale had previously withdrawn an equivalent amount from Binance on November 28, 2024, indicating a strategic move in response to market conditions.
Market Sentiment: Arthur Hayes, founder of BitMEX, has shown interest in meme coins, including PEPE. He recently acquired an additional 23.48 million PEPE tokens, signaling confidence in the coin's potential despite market volatility.
In the past 24 hours PEPE's price has fluctuated between a low of $0.000017 and a high of $0.000022.
The all-time high for PEPE is $0.000028, indicating that the current price is about 36% below this peak.
These events highlight the dynamic nature of PEPE's market and the significant influence of key stakeholders on its valuation. #pepecoin🐸 #pepe⚡ #PEPEAnalysis #pepenews #Tesla $PEPE
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