Just a moment ago, Account Analytics X from SpotOnChain announced the news of another significant purchase of the meme token PEPE on the leading global cryptocurrency exchange, Binance.
This withdrawal took place as the price of the popular meme coin surged by more than 11%.
Big PEPE accumulation detected
Approximately three hours ago, a significant player in the cryptocurrency market, commonly known as a “whale,” allegedly moved 801.64 billion PEPE tokens out of Binance. This action equates to around $13.53 million in value.
Based on the tweet’s information, within the last 27 hours, a single whale has made two significant purchases of the crypto token PEPE. Earlier, this trader shifted an impressive 1.082 trillion PEPE tokens, valued at approximately $18.53 million, from Binance. The average price he paid per coin was around $0.00001773. Following the purchase, he distributed his 1.5 trillion PEPE among three separate blockchain wallets.
This happened after the recent PEPE listing announced by the Japanese branch of Binance.
A significant amount of the cryptocurrency $PEPE, approximately 1.082 trillion units ($18.53 million), has been withdrawn from Binance over the past day by a large investor known as “0x8f5”. The investor removed another 801.64 billion $PEPE ($13.53 million) three hours ago. These tokens were then spread among three different wallets, indicating potential accumulation.
— Spot On Chain (@spotonchain) January 14, 2025
Back in April 2023, an unknown team brought PEPE into existence, drawing inspiration from the widely recognized Pepe the Frog meme. This fresh meme-based cryptocurrency soon caught on and received a warm embrace from numerous prominent digital asset trading platforms, among them Binance.
PEPE regains 11% after big fall
In the last day, PEPE coin has experienced a rise of over 11%, rebounding from a 13.77% dip it encountered this week. As I speak, each PEPE coin is being traded for approximately $0.00001721.
PEPE and numerous other digital currencies like it, such as altcoins and meme coins, have generally mirrored Bitcoin‘s price movements. Notably, Bitcoin experienced a 7.51% surge and reached an impressive high of $97,339. However, just earlier this week, Bitcoin took a dip of 5.8%, losing the significant level at $95,850 and approaching the $90,000 mark.
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2025-01-14 18:04