PEPE, the 3rd largest meme coin, continued its upward trend by doubling its value this month.
PEPE's impressive price performance in the last month has enabled the majority of its owners to make a profit. According to IntoTheBlock data, more than 96% of PEPE holders became profitable after the last month's rise. PEPE increased its value by 115% this month and also set a new record level at $0.000017256.
Profit sales in PEPE
PEPE, which reached its record level at the beginning of this week, started to decline with accelerated sales throughout the rest of the week. PEPE, which dropped to $0.00001388 in the first half of the day, recovered slightly with reaction purchases from the lower region after losing more than 20% in value from its peak level. PEPE, which has suffered daily losses of up to 3%, is currently trading at $ 0.0000145.
Crypto whale transferred nearly one trillion PEPE to Binance
Blockchain monitoring platform Lookonchain reported in its post on X that a significant amount of PEPE was transferred from an anonymous crypto wallet to Binance. Following this transfer, PEPE saw losses exceeding 10% before recovering today.
The major crypto investor reportedly sold his PEPE assets for approximately $9 million and made a 52% profit on the transaction, close to $5 million. The analysis platform that monitors the wallet account reported that the investor made this profit in less than a month.
On the other hand, in today's downward momentum, it was seen that PEPE and other high-capitalization meme coins were among the most losing altcoins in the top 100. Among these assets, PEPE is recovering rapidly, while BONK and FLOKI maintain their place in the rankings as the assets that have fallen the most today, with losses of nearly 10%.
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