Crypto Whale Purchases $2M in PEPE Tokens Amid Price Dip
- An nonymous invstor purchsd 105 billion PEPE tokns for $2 million, mrking thir first trnsction.
- PEPEs pric dip post-surg promptd mjor invstors, including whl, to siz buying opportunitis.
- Dspit voltility, the tokens mrkt cp surgd to $8.71 billion, rflcting significnt growth nd invstor intrst.
An nonymous crypto invstor hs cusd stir in th crypto mrkt by purchsing n normous mount of PEPE tokns in singl trnsction. On Novmbr 20, th invstor spnt $2 million worth of USDC to cquir 105,328,301,633 tokns. Blockchin nlytics firm Lookonchain confirmd this trnsction, which mrkd th invstors first intrction with PEPE.
Th individul first dpositd $1 million worth of USDC into thir wllt, followd by n dditionl $999,999. Ths funds wr promptly usd to buy th tokns, which now domint thir portfolio s th lrgst sst by dollr vlu. Th trnsction occurrd t 06:36 p.m. (UTC) nd quickly cpturd th ttntion of mrkt prticipnts.
PEPEs Recent Market Trends
This bold cquisition cm shortly ftr xprincd shrp dip in its pric. Lst wk, th mm coin rchd n ll-tim high of $0.00002524 following its listings on Coinbs nd Robinhood. Its mrkt vlu jumpd from $8 billion to $10.46 billion in just fw hours. This surg ld to spcultion tht PEPE could surpss Shib Inu (SHIB) s th scond-lrgst mmcoin by mrkt cp.
Howvr, instd of ovrtking SHIB, it sw stp dclin, flling blow $0.00002. This downturn cusd mny invstors to trd crfully, voiding significnt trds du to hightnd voltility. Dspit th uncrtinty, th whl bhind th $2 million purchs viwd th pric dip s strtgic opportunity to buy it t lowr cost, rflcting long-trm confidnc in th tokns potntil.
Th whls ctions lign with brodr trnd of lrg-scl PEPE ccumultion by mjor invstors. Erlir this month, Lookonchin indxd notbl trnsctions by othr whls. On Novmbr 6, thr prominnt crypto invstors cquird combind 835.6 billion tokns worth $7.94 million from Gt.io nd Binnc.
Among ths trnsctions, on whl movd 535.81 billion PEPE, vlud t $5.09 million, from Binnc to n undisclosd wllt. Anothr invstor movd 163.37 billion tokns from Binnc, nd third withdrw 135.45 billion from Gt.io. Ths movs indict sustind intrst in PEPE mong high-nt-worth individuls, dspit its voltil prformnc.
PEPEs Price Performance and Growth
Sinc its dbut in April, th mm coin hs dmonstrtd its bility to dlivr substntil gins. Strting t n initil pric of $0.00000005685 on Uniswp, th tokn quickly cpturd th ttntion of prominnt invstors, driving its vlution to $1 billion. As dmnd sord, the meme coin mngd to limint thr zros from its pric.
At prsnt, PEPE is vlud t $0.00002071, with mrkt cpitliztion of $8.71 billion. This mrks 3.44% incrs ovr th pst dy nd stggring 104% growth ovr th lst thirty dys, solidifying its position s formidbl plyr in th mm coin spc.
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Read more: https://www.tronweekly.com/crypto-whale-purchases-2m-in-pepe-tokens/
Text source: TronWeekly
