Pepe Coin has emerged as a prominent player in the cryptocurrency market, experiencing an astonishing 400% surge over the past seven days, with a remarkable 35% increase recorded today.
This surge propelled Pepe Coin to achieve a new all-time high of $0.00000758 on March 4, firmly establishing it among the top-performing assets in the market.
The surge in Pepe Coin’s value coincides with an overall positive sentiment prevailing in the cryptocurrency space.
Recent on-chain reports from Spotonchain shed light on the significant accumulation of Pepe Coin by three prominent whales within the past 24 hours.
PEPE Whale Movements To Monitor
- Whale address 0x379 initiated its accumulation by withdrawing 500 billion $PEPE tokens, valued at $2.96 million, from Binance approximately three hours ago at an average price of $0.000005801.
- Another whale address, 0x04E, purchased 340.9 billion $PEPE tokens using 1.95 million $USDC approximately three hours ago, at an average price of $0.000005728. Notably, this whale also diversified its portfolio by investing 200,000 USDC to acquire 9.93 million BIDEN tokens.
- Smart trader 0x37d also participated in the accumulation by withdrawing 182.4 billion $PEPE tokens, valued at $1.03 million, from Binance.
Simultaneously, some traders are capitalizing on the surge to realize profits, as observed through data provided by Lookonchain:
– A trader who initially invested $3,000 to purchase 4.9 trillion $PEPE tokens, currently valued at $35.5 million, has sold 760 billion $PEPE tokens for $2 million profits. The trader now holds 4.15 trillion $PEPE tokens, marking a significant gain of 11,077x.
– Another trader, after patiently holding 600 billion $PEPE tokens bought from Binance, deposited 200 billion $PEPE tokens to realize profits, retaining 400 billion $PEPE tokens with a total profit of approximately $3.35 million.
As Pepe Coin continues to capture the attention of investors and traders alike, the dynamics of accumulation and profit-taking underscore the volatility and opportunity within the cryptocurrency market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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