#hottran Pepe Pope (PEPE) Bought Over 560 Billion Coins -What Happened?
Two large investors, colloquially known as “whales”, have made massive purchases of Pepe coins (PEPE), totaling 560.2 billion coins. This development, highlighted by cryptocurrency analysis platform Spot On Chain, has sparked a lot of discussion and speculation about the popular meme coin.
According to data shared by Spot On
Chain, this purchase occurred because the PEPE price experienced a significant rebound and increase
about 11% in the last 24 hours. That
The large acquisition by whales coincided with a price rebound following the recent crypto crash, indicating a potential strategic move to capitalize on fluctuating market conditions.
Pepe sees bullish activity.
The first of two traders, just unidentified
with their blockchain address as 0xd93,
make significant investments in total
$3.86 million. This investment is
diversified between 3.67 million USDC and
300 WTA. Amazingly, this guy has
Previously realized profits exceeded $2.52 million from PEPE trades, it showed
their skill in navigating uncertain circumstances
market.
On the other hand, the second trader, known by his address as 0x522, chose a different approach. This person exchanged 42.08 billion Shiba Inu (SHIB) worth about $1.12 million, along with 64 Ethereum (ETH), equivalent to $224,000, to get 100 billion PEPE coins. This transaction was facilitated through Binance, one of the world's leading cryptocurrency exchanges.
Notably, this trader's PEPE holdings currently stand at 300 billion coins, worth $2.46 million, with the estimated total profit from PEPE trading activity surging to $4.27 million, which translates to an impressive gain of 145%. The actions of these two traders have sparked a lot of discussion in the crypto community.#HotTrends
