Pepe Coin: Whale Bets Big on PEPE and Worldcoin, Price Rally Ahead?
Highlights
A trader transferred huge PEPE and Worldcoin holdings off Binance.
The whale moved 292.97 billion PEPE and 273K Worldcoin.
This comes as both assets recover amid market corrections.
A Pepe coin whale has bet big on Worldcoin and PEpe creating a new wallet and withdrawing assets from Binance exchange. The holder has ignited a spark of positive sentiments amid recent price swings. Flows in and out of centralized crypto exchanges are pivotal to the market’s direction.
A Pepe whale has made a huge bet on PEPE and Worldcoin transferring large amounts off Binance with users projecting market growth.
Pepe Whale Transfers Assets Off Binance
The Pepe whale withdrew 292.97 billion PEPE worth approximately $2.17 million and 273k WLD tokens valued at $391,000 from Binance. The transaction caught the eye of crypto enthusiasts as the asset’s price maintained an upward movement in the last 24 hours. This come after a series of outflows as traders dumped huge holdings due to the flip in macroeconomic conditions.
A major reason for the frenzy garnered after this transaction is the impact of centralized exchange on the market. Binance remains the largest crypto exchange by volume with users drawing sentiments from inflow/ outflows coupled with listings.
The crypto market still trades sideways after the drop over the weekend. With Bitcoin under $59k, market commentators extend the timeframe for the uphill movements of most tokens. However, Pepe coin remains in the green zone up 1.9% in the last 24 hours. PEPE price stands at $0.0000075 after recent activities although long-term figures remain in the red zone.
As predicted by Coingape analysts today, pepe coin price needs to breakout above $0.00001000 resistance level to set course for $0.00001872. A
Last week, the crypto asset recorded 14% losses and 12% outflows in the last 30 days. WLD price is up 1% making a recovery from previous outflows.
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