Whale Transfers 357.2 Billion PEPE Tokens to Binance Amid Price Dip
A notable whale has transferred 357.2 billion PEPE tokens to Binance during a price dip, drawing attention from the cryptocurrency community. This move has sparked speculation about its market impact.
#### PEPE Market Fluctuations and Whale Activity
PEPE has dropped over 10% in the past week. A major holder, address 0xf22…a685c, initially withdrew 548 billion PEPE tokens at an average price of $0.00001341, worth about $7.35 million. Recently, they sent 357.2 billion PEPE back to Binance at a lower price of $0.00001157, worth $4.14 million. This could lead to a $660,000 loss if sold now, suggesting strategic repositioning by the whale.
#### PEPE Market Analysis
PEPE is trading around $0.00001208 with a 24-hour volume of $954 million, down 0.35% in the last day and 7.08% over the past week. The market cap is roughly $5.09 billion, with prices fluctuating between $0.00001217 and $0.00001137. Open interest in PEPE futures has declined by 8.20%, now valued at $79.1 million.
Coingape’s analysis indicates a potential breakdown from the critical $0.0000114 support level, which could drive the price to $0.000009 or $0.000007, key levels where buyers might step in to reverse the downtrend.
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