🚨 PEPE-geddon: 500 Billion Tokens Invade Coinbase! 🚨

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Oy vey, what’s going on here? 🤯 A whopping 500 billion PEPE tokens just landed on Coinbase, and the crypto community is going wild! 🌪️ This move comes at a time when the crypto markets are taking a bit of a nosedive, with some assets trading in the red. 📉

According to those on-chain analytics wizards at Spot On Chain, a PEPE whale (yes, that’s a thing! 🐳) has resurfaced after a six-month snooze to make this massive move. And let me tell you, this whale’s got some serious cojones! 💪

The whale, known by its wallet name “0xc25” (catchy, right? 😴), deposited 500 billion PEPE worth a cool $5.73 million to Coinbase. Now, I’m no expert, but I’m pretty sure that’s a lot of clams! 🐚 And, as we all know, withdrawals from exchanges mean buying, while deposits mean selling. So, what’s the deal, whale? Are you cashing out or just rearranging your crypto furniture? 🤔

A $3K bet turned into $51.25M—now this PEPE whale is making moves again! 🤑

After six months of silence, whale “0xc25” deposited 500B $PEPE ($5.73M) to #Coinbase ~11 hours ago.

This whale bought 4.914T $PEPE for just $3.01K on April 15, 2023, gradually cashed out 3.66T $PEPE for…

— Spot On Chain (@spotonchain) January 29, 2025

So, here’s the deal. This PEPE whale put in a whopping $3,010 into PEPE back in 2023 and scored a staggering 4.914 trillion PEPE tokens on April 15, 2023. And now, that small bet has turned into a mind-boggling $51.25 million! 🤯 That’s a 17,026x return, folks! 📈

Over time, the whale cashed out 3.66 trillion PEPE tokens, raking in a cool $35.52 million. And, despite the massive sale, the whale still holds 1.25 trillion PEPE tokens, valued at approximately $15.73 million. Talk about a crypto king! 👑

And, if you thought that was the only whale in the sea, think again! 🐳 Another whale deposited 430 billion PEPE worth $6.39 million to Binance on Jan. 27, likely locking in a $5.82 million profit. That marked the end of the whale’s first PEPE trade, with an estimated total profit of $11.1 million (11x return) after 1.22 years. Cha-ching! 💸

PEPE Price Action: The Drama Continues 🎭

At the time of writing, PEPE was down 3.64% in the last 24 hours to $0.00001231, mirroring the declines in the broader crypto markets as investors await the Federal Reserve’s first interest rate decision of 2025. 🕰️

The rate decision announcement will be followed by Fed Chair Jerome Powell’s press conference at 2:30 p.m. ET, which markets will closely watch for signals about future monetary policy decisions this year. 📺

Expectations for an interest rate decrease remain low, with traders pricing in a nearly 100% possibility of the Fed keeping rates constant. 🤔

PEPE is down 22% weekly after three straight days of falls since the beginning of the week, with lows of $0.00001132 on Jan. 28. PEPE has steadily decreased since reaching an all-time high of $0.000028 on Dec. 9. A rebound above the daily moving averages of 50 and 200 could be the first indication of strength for PEPE bulls. 🐂

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2025-01-29 19:05