Crypto News

Pepe Coin Surges 400% In A Week Amid Whales’ Accumulation And Profit-Taking

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

  1. 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.
  1. 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. 
  1. 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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