Whales collect more than 4 trillion PEPE and transfer it to Binance to wait for release

Crypto analytics platform Lookonchain reported that a mysterious whale investor bought 4.23 trillion PEPE tokens ($15.6 million) using 422 ETH and 200,000 USDC, before sending them all to the Binance exchange.

The mystery whale’s PEPE tokens were purchased for a very low price of $0.0000002535, with a current profit margin of around $14.5 million. However, despite the impressive gains, Lookonchain advises investors to beware of price changes and sell after Binance opens.

The meme-inspired PEPE token has seen incredible value growth. In just 7 days, the price of PEPE has increased by an impressive 10.005%, bringing its market cap to over $1.56 billion. PEPE is currently ranked 41 and attracts many traders and investors.

However, concerns surrounding the speculative nature of PEPE remain and investors should proceed with caution. At the time of writing, PEPE is trading at $0.00000349, up slightly from where it was trading the previous day.

$15.6 Million in PEPE Tokens Moved to Binance Exchange

Source: Coinecko

Investing in cash flow and attention to Pepe shows positive sentiment towards the meme-inspired token. However, as with all investments, it is important to conduct thorough research before investing and to keep an eye on market trends to avoid possible unfortunate losses.

  • PEPE Market Cap Exceeds $1.5 Billion After Series of Listing Announcements – FLOKI Soars 60% After Entering Bitfinex
  • Technical analysis on the evening of May 5: ETH, XRP, ADA, PEPE, TRX

Mr. teacher

according to Kyptos

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img