Breaking News: Massive $PEPE Coin Transfer Causes Market Turbulence
A significant transfer of 660.7 billion PEPE coins to Binance has led to a substantial 20% drop in PEPE's price from its peak. Earlier today, an anonymous whale moved nearly a trillion PEPE meme coins to Binance, resulting in an additional 11% price decline from recent highs. This transfer occurred after PEPE prices had already fallen 14% in the last 24 hours.
The mysterious trader, who had purchased these tokens a month ago, sold them for $9.01 million, realizing a profit of approximately $4.95 million—a 52% return on investment in less than a month. Analyst @spotonchain revealed that the tokens were initially bought on Binance and MEXC, with a total expenditure of around $4.57 million.
Since reaching an all-time high of $0.00001718 on May 27, PEPE has declined over 21%, likely influenced by the SEC's recent approval of an Ethereum spot ETF. Currently, PEPE is trading at $0.00001374.
❤️ Like 🫂 Follow 🗳️ Requote or Reshare
⌨️ Comment
🫂 Your support empowers us to provide the best investment insights. Tips are appreciated to help us continue our mission of delivering top-notch advice.