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Michael Saylor Surprisingly Picks Bitcoin (BTC) Over His Own Stock
KuCoin Alert: Ethereum and EVM Chains See $1.78 Billion Exodus
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PEPE (PEPE) WHALE MOVES OVER 2 TRILLION TOKENS - WHAT'S HAPPENING?

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Mushumir Butt
PEPE price eyes further momentum as whale makes major moves
News
Wed, 13/03/2024 - 12:30
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Disclaimer: The opinions expressed by our writers are their own and do not
represent the views of U.Today. The financial and market information provided on
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any financial losses incurred while trading cryptocurrencies. Conduct your own
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In a remarkable financial maneuver, a significant transaction involving
the transfer of over two trillion Pepe (PEPE) tokens was detected and reported
by Whale Alert. The transaction, amounting to a staggering $20.22 million,
involved the movement of funds from the crypto exchange Binance to Crypto.com.
This massive transfer has sparked a flurry of speculation and analysis among
market watchers and participants alike.

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Adding to the intrigue, a similar event was noted just the day before. According
to Spot On Chain, another substantial transfer took place, wherein a crypto
whale moved 500 billion PEPE tokens, valued at approximately $4.13 million, to
the cryptocurrency exchange OKX. Remarkably, this particular whale could
potentially reap a profit of $3.36 million if they decide to sell their
holdings. It is noteworthy that this investor began trading PEPE merely 10 days
before this event.


PEPE PRICE EYES FURTHER MOMENTUM

These significant transactions come at a time when Pepe coin, alongside other
popular meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE), is experiencing
a slight downturn after a recent surge. This cooling period has led to
widespread speculation. Some market analysts suggest that these whales might be
capitalizing on the high prices to secure profits, while others believe these
could be strategic moves in anticipation of another possible price rally.

Despite the market's temporary lull, PEPE's performance metrics remain robust.
The current trading price of Pepe stands at $0.00000889, marking an increase of
7.69% over the last 24 hours. More impressively, the meme coin has seen an
astronomical rise of 706.54% in the past 30 days. Additionally, the trading
volume for PEPE coin has surged by 49.68% within the same period, now totaling
$1.73 billion.

Overall, this series of high-value transactions and the subsequent market
reactions underscore the volatile and unpredictable nature of the cryptocurrency
market. While some investors view these moves as opportunities for quick
profits, others see them as signs of a maturing market where strategic long-term
investments begin to take precedence.

#PEPE Coin #PEPE
About the author
Mushumir Butt

With over three years of immersive experience in the crypto industry, Mushumir
is a seasoned crypto writer dedicated to unraveling the complexities of
blockchain technology and decentralized finance. From dissecting the latest
blockchain innovations to demystifying trading strategies, he brings a unique
blend of technical insight and communicative flair to the crypto space. Having
penned countless articles, analyses, and market reports, Mushumir has developed
a distinctive voice that resonates with both seasoned investors and crypto
newcomers alike.

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