search
Homeweb3.0PEPE Coin (PEPE) Sees Whale Accumulation, Signaling a Potential Rally

A large crypto investor, or whale, has made headlines after it was spotted trying to amass a significant amount of PEPE coins.

PEPE Coin (PEPE) Sees Whale Accumulation, Signaling a Potential Rally

A large crypto investor, or whale, has made headlines after it was spotted trying to amass a significant amount of PEPE coins, to the tune of billions, earlier today. While some investors are worrying about the recent price dip in the coin, other smart ones are taking advantage, accumulating substantial amounts in anticipation of a rally.

Pepe coin (PEPE) quickly rose to prominence after its launch in April 2023, positioning itself as the third-largest memecoin by market capitalization, next to Dogecoin (DOGE) and Shiba Inu (SHIB). The coin has witnessed an impressive rally over the past few months, constantly sitting among the top trending cryptocurrencies daily. This latest accumulation has sent tongues wagging in the crypto space, let us take a closer look.

Whale Buys 420 Billion PEPE

Spot on Chain, a crypto large transaction tracking service, revealed that this whale, known as “cookislandstrust.eth,” has been taking advantage of the recent price dip to buy PEPE. According to the report, the whale has spent about $3.13 million USDT to buy 420 billion PEPE in the last 7 days. Notably, the aforementioned whale bought this large amount of PEPE on two separate occasions.

The first transaction occurred during the global market downturn that happened on August 5, which saw more than $1 billion wiped out of the crypto market in liquidation. During that time, the whole market was painted in red as coins saw heavy losses within a very short time.

However, this whale bought PEPE twice that day, 204.7 billion (worth $1.5 million), and 95.2 billion (valued at $664k). The second transaction happened about two hours from the time of the reporting, accumulating 120 billion Pepe coins, valued at approximately $966k. Spot on Chain noted that the whale has since realized $170k from the trades, signifying a 5.4% profit on his initial investment.

Whale Also Targetted Ethereum

Meanwhile, the whale appears to spread out its portfolio targeting other top coins including Ethereum. Per Spot on Chain data, the whale accumulated the second-largest cryptocurrency by market cap during the August 5 market crash. The data shows that “cookislandstrust.eth” spent $7.050 million to buy 2,978 ETH.

Similarly, the coins were bought in two distinct transactions that day, The first one accumulated 2.478 ETH, valued at $5.925 million, and the second one moved 500 ETH, worth $1.125 million. This whale has made $534k (7.579%) in profit since opening positions.

PEPE Price Movement

The price of Pepe (PEPE) has shown very unstable movements in the last 24 hours. According to CoinMarketCap, PEPE traded at 0.000008045 at the time of writing, representing a 2.26% increase. Meanwhile, during this time, PEPE has declined as low as $0.000007716 signifying its level of high volatility, a trait exhibited by memecoins in general.

Also, PEPE has seen an increase in its one-day trading volume by 21.33% showing increased activities by traders and investors. Consequently, its market cap has spiked by 2.2% to $3.3 billion. It is hard to determine if Pepe will sustain this rally, however, the future of the coin seems bright as it continues to command investors’ attention.

The above is the detailed content of PEPE Coin (PEPE) Sees Whale Accumulation, Signaling a Potential Rally. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
amazon project kuiper satellite launchamazon project kuiper satellite launchApr 10, 2025 pm 05:36 PM

Amazon's Project Kuiper satellite launch was postponed due to unfavorable weather conditions. The delay was likely influenced by factors such as high-altitude wind shear, lightning threats, and high surface winds, which are common hazards in space launches. This postponement highlights the need for meticulous planning and flexibility in the unpredictable environment of space operations.

Is Wall Street Quietly Backing Solana? $42 Million Bet Says YesIs Wall Street Quietly Backing Solana? $42 Million Bet Says YesApr 10, 2025 pm 12:43 PM

A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.

Kevin O'Leary Urges Trump to Impose 400% Tariff on Chinese GoodsKevin O'Leary Urges Trump to Impose 400% Tariff on Chinese GoodsApr 10, 2025 pm 12:35 PM

Canadian businessman and investor Kevin O’Leary urged the Trump administration to impose a 400% tariff on Chinese goods, arguing that the current 104% tariff is insufficient to compel China to follow trade rules. O’Leary said these statements prior t

Regulatory roadblocks are crumbling as the U.S. Treasury signals a sweeping pivot toward blockchain, stablecoins, and digital assetsRegulatory roadblocks are crumbling as the U.S. Treasury signals a sweeping pivot toward blockchain, stablecoins, and digital assetsApr 10, 2025 pm 12:27 PM

U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to remove regulatory barriers

China and Russia Have Started to Settle Some Trade Deals Using BitcoinChina and Russia Have Started to Settle Some Trade Deals Using BitcoinApr 10, 2025 pm 12:19 PM

According to a report by VanEck, China and Russia have started to settle some trade deals using Bitcoin.

Ethereum (ETH) Underperforms Bitcoin (BTC)Ethereum (ETH) Underperforms Bitcoin (BTC)Apr 10, 2025 pm 12:01 PM

underperformed Bitcoin on 85% of all trading days since it launched in 2015. The ETH/BTC ratio, which tracks the value of Ether relative to Bitcoin, dropped to a five-year low of 0.018

President Trump's Tariff Announcement Sent Bitcoin Dropping 5.4%President Trump's Tariff Announcement Sent Bitcoin Dropping 5.4%Apr 10, 2025 am 11:53 AM

In the world of cryptocurrencies, few events can shake things up like big government decisions. President Trump's recent tariff announcement did exactly that

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Best Graphic Settings
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. How to Fix Audio if You Can't Hear Anyone
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
WWE 2K25: How To Unlock Everything In MyRise
3 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Safe Exam Browser

Safe Exam Browser

Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor