- Meme-inspired Pepe Coin has outshone other popular cryptocurrencies like Dogecoin and Shiba Inu, showing a significant rise in the past 24 hours.
- Recent data uncovers a whale transfer of PEPE tokens concurrent with the coin’s positive price trajectory, indicating significant market activity.
With its value at $0.00000135, Pepe Coin, a meme-derived cryptocurrency, is turning heads in the crypto market. Owning merely $1.35 of this coin could turn someone into a PEPE millionaire, as it currently equates to 740,740.74 PEPE tokens. Pepe Coin’s recent performance has overshadowed other well-known meme currencies such as Dogecoin and Shiba Inu, in terms of market capitalization.
A Deeper Dive into PEPE’s Market Movements
Recent data revelations have indicated a noticeable PEPE token whale transfer coinciding with the coin’s favorable price surge. Lookonchain, a cryptocurrency tracking site, reported that a substantial withdrawal of 2 trillion PEPE tokens, approximately $3 million worth, was initiated by a Pepe whale from Binance recently.
The activity of this particular whale is of significant interest. As per further information extracted from Lookonchain, this same whale had withdrawn 3.94 trillion PEPE tokens, equivalent to $6.46 million at the time, on two separate occasions: June 27 and July 5.
This strategic activity did not end there. The same whale then deposited 3.94 trillion PEPE tokens, which had a value of about $7.06 million at that time, on July 14. This move resulted in a rough profit of $600,000, reflecting the potential profitability of wise market movements with Pepe Coin.
With the significant transactions and the recent surge in value, Pepe Coin is undoubtedly making waves in the cryptocurrency market. Given its current trajectory, the million-Pepe dream seems attainable for those ready to invest and ride the wave of this meme-inspired currency.
