Whale’s Massive Impact on $PEPE Price
A significant transaction involving the meme-based cryptocurrency $PEPE caused a substantial drop in its price as a big crypto whale transferred their holdings to Binance exchange.
Impact of Whale Transaction on $PEPE Price
• The transaction involved 1.238 trillion PEPE tokens worth $10.6 million
• The price of $PEPE dropped by 5.2% after the tokens were deposited on Binance
• The whale who transferred the tokens remains unknown
• The whale held the tokens for only three days, registering a gain of just 1.28% if sold on Binance
History of Whale Transactions with $PEPE
• Last year, whales failed to make significant gains with $PEPE as its price plummeted after a surge
• One whale lost $500,000 after PEPE debuted on Binance
• Binance warned investors about PEPE’s lack of inherent utility or value support
• PEPE has been associated with potential insider trading due to significant token purchases by insiders
Success Story with $PEPE Investment
• A lucky investor turned 0.125 ETH investment in PEPE into $1.14 million in a few days
• Timing is crucial for successful investments in meme-based cryptocurrencies
Hot Take: Watch Out for Whale Activity
Be cautious when whales make large transactions in meme-inspired cryptocurrencies. Keep an eye on whale activity to anticipate price movements and make informed investment decisions in the volatile crypto market.
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