Two big investors, often called "whales," recently bought a lot of Pepe (PEPE) tokens, totaling 56.02 billion. Spot On Chain, a platform that analyzes cryptocurrencies, shared this info, which got a lot of attention and talk. These purchases happened at the same time as an 11% increase in PEPE prices over the past day, as per the platform's data. It seems like these investors wanted to take advantage of the ups and downs in the market.#BTC
The first investor, known only by their blockchain address 0xd93, spent $3.86 million on investments, mostly in USDC and WTAO. This investor had previously made around $2.52 million in profits from PEPE trades. Another investor, identified by address 0x522, took a different approach. They traded $1.12 million worth of Shiba Inu (SHIB) and $224,000 in ETH for 100 billion PEPE tokens on Binance.#HotTrends
Now, this second investor holds a massive 300 billion PEPE tokens valued at $2.46 million, with an estimated total profit of $4.27 million, making a 145% return. These actions have stirred up discussions in the cryptocurrency community. Some market analysts and enthusiasts think this signals growing confidence in PEPE, which could attract more interest and investment in the token. But there are also voices of caution, warning about how unpredictable the market can be.#PepeIsComingBig