- A whale bought $2.9 million worth of PEPE tokens, increasing their holdings to $8.34 million.
- Despite a trading price of $0.000013, PEPE surged by 1,040% this year.
- PEPE’s link with Ethereum and a major purchase hint at bullish prospects.
A mysterious whale recently made a substantial investment in PEPE tokens. This whale, whose identity remains undisclosed, acquired a staggering 231.6 billion PEPE tokens from the renowned exchange Kraken.
The value of this transaction amounted to approximately $2.9 million. This acquisition comes as an addition to the whale’s existing holdings, which already totaled 750.34 billion PEPE tokens, valued at $8.34 million since mid-March.
This substantial purchase highlights the growing interest in PEPE, a meme-inspired cryptocurrency that has been garnering attention since its inception in May. PEPE tokens have been the subject of intense trading activities, attracting investors from various quarters. Notably, the whale’s latest investment underscores a profound belief in PEPE’s potential for further growth.
Speculation suggests that the whale anticipates upward movement in PEPE’s value, possibly driven by bullish market trends. Such confidence amidst market volatility is indicative of a positive outlook for PEPE among certain investors.
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It’s noteworthy that PEPE’s current trading price stands at $0.000013 per token, representing a 40% decrease from its all-time high. Nonetheless, the token has experienced a remarkable surge of 1,040% since the beginning of the year.
Additionally, PEPE’s correlation with Ethereum (ETH) has captured the interest of many, as it often moves in tandem with the larger cryptocurrency. The recent sizable purchase of PEPE tokens from a major US exchange is a significant event in the cryptocurrency realm. It suggests a bullish sentiment towards this meme-based token.
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