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Recently, there has been increasing interest in the memecoin Pepe Coin (PEPE), leading to a surge in activity from crypto whales. According to data from BlockBeats’ Spot On Chain, a single whale purchased PEPE coins worth 507 million dollars.
The Whale’s PEPE Transaction and Previous Trades
This whale, believed to manage a smart crypto wallet starting with the address “0x51c…,” transferred 5.5 million dollars worth of Tether (USDT) to the Binance exchange. Shortly after, the whale withdrew approximately 535.81 billion PEPE coins from the exchange, totaling around 5.07 million dollars in value.
Reviewing the transaction history of the whale indicates that it previously made successful trades in PEPE, BRETT, TUBRO, and LINK coins, resulting in total profits of 2.016 million dollars. However, it is worth noting that the whale suffered a loss of 238 thousand dollars in trades involving ONDO and FLOKI coins.
The recent high-volume purchase of PEPE coins has drawn attention back to this coin. Whether this transaction will result in profit or loss remains uncertain for now.
Increased Interest in PEPE Coin
Despite occasional unexpected movements in the crypto world, PEPE coin has recently garnered significant attention. The fluctuations in its value and the interest from large investors indicate that this altcoin has gained a substantial foothold in the cryptocurrency market.
Currently, PEPE coin is trading at 0.000009201 dollars, reflecting a rise of 12.57% in the last 24 hours. Additionally, the trading volume for this altcoin has skyrocketed by 123.57% to 1.29 billion dollars, coinciding with the increase in price.
