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The withdrawal of 231 billion PEPE surprises a major American stock exchange: bullish?
On Sunday morning, an unknown cryptocurrency whale purchased 231.6 billion PEPE tokens from Kraken, worth approximately $2.9 million. This recent purchase adds to the whale's total holdings of 750.34 billion PEPE, or an amount of $8.34 million since mid-March, reports Lookonchain.
PEPE, a meme cryptocurrency inspired by
a famous cartoon frog, was a hot
subject since its debut last May. The token
experienced significant buying and selling
activity of various investors, including
the biggest. A year later, the trend
continues with important transactions
the headlines.
The whale's recent investment indicates a
firm conviction in the potential of PEPE for
growth. This is remarkable considering the value of the token
already impressive gains. The speculation
is that this whale expects more upwards
movement, perhaps motivated by an upward movement
market trends.
Despite a volatile market, recent whale activity suggests a positive outlook for PEPE. The token is currently trading at $0.000013 per token, 40% below its all-time high, but still up 1,040% from the start of the year.
Interestingly, PEPE often moves in sync with Ethereum (ETH), making it a potential indicator of ETH performance. This unique relationship adds another layer of interest in the popular meme cryptocurrency.