The mysterious Whale booked nearly $650K profit in PEPE as the price surged.
Lookonchain, an on-chain analytics resource, uncovered unusual PEPE token whale activity after its price surged by 17% within the last 24 hours.
In a tweet, Lookonchain revealed that the mysterious Whale booked a profit close to $650K by depositing 3,941,534,011,651 (3.94 trillion) PEPE, worth $7 million to one of the Binance-associated wallets in a single transaction.
As the price of $PEPE rose, whale"0xa54d" deposited 3.94T $PEPE ($7M) to #Binance to take a profit of ~$650K.
But another whale"0x37df" continued to accumulate 285B $PEPE ($504K) and currently holds 890.6B $PEPE ($1.56M), the average cost is ~$0.0000014. pic.twitter.com/SdPYYO1TGu
— Lookonchain (@lookonchain) July 14, 2023
Etherscan shows On June 27, the whale acquired 1,932,503,666,592 (1.93 trillion) PEPE tokens. Then, on July 5, another significant transaction took place, resulting in the acquisition of an additional 2,009,030,345,059 (2 trillion) PEPE tokens. In total, the whale gathered 3.94T PEPE and Surprisingly, the whale now appears to have emptied her wallet entirely, booking profits of $650K.
Pepe’s Price Jump
The positive movement in the price of Pepe (PEPE), a frog-themed cryptocurrency, is worth noting. In sync with the revival of the global cryptocurrency market, PEPE witnessed a remarkable surge of over 17% in the past 24 hours. This resurgence was greatly influenced by a recent judicial ruling that declared XRP not to be a security, injecting optimism into the overall market sentiment.
PEPE Growing Twitter Followers and Holders
Moreover, PEPE has steadily gained momentum on social media platforms, boasting an impressive following of 400k Twitter users. The meme coin has also reached a new milestone of 130,000 on-chain holders.
400k Twitter followers and 130k on-chain holders for $PEPE ??
Cheers to each and everyone of you for your support and energy that has allowed this revolution to unfold? pic.twitter.com/kXQUDnjuC0
— Pepe (@pepecoineth) July 13, 2023
These achievements have propelled Pepe to become the second top trending coin on CoinMarketCap, the world’s leading crypto data aggregating platform.