A whale bought 173 billion PEPE tokens for 1.34 million USDC.
The whale has already made a return of 886% ($1.77) on its PEPE holding.
PEPE is trading at $057818 and is up 1.80% in the past 24 hours.
Meme coin PEPE (PEPE) is poised for a price surge as a whale recently acquired a massive 173 billion tokens amid a broader digital asset market collapse, with the crypto community now expecting a similar market reversal based on PEPE’s price surge.
According to a post on social media platform X (previously known as Twitter) by blockchain analysis platform Lookonchain, a whale spent 1.34 million USDC tokens to purchase 173 billion PEPE tokens. The whale has already made $1.77million (+886%) from its investment in the meme coin and it seems that the wallet remains bullish on the digital asset. Lookonchain further added:
“This trader spent 200K $USDC to buy 170B $PEPE on Oct 25, 2023 and held it until Jul 25, 2024, when he sold it for 1.97M $USDC, making a profit of $1.77M(+886%)!”
According to the data from CoinMarketCap, PEPE has been one of the best performers during the recent market rally and is up 826.49% since August last year. At the time of…
The post Whale Buys Billions of PEPE, Potential for Price Surge appeared first on Coin Edition.
