05/10/2023

Crypto Whales Spotted Accumulating Pepecoin

Crypto whales have accumulated millions of units of Pepecoin (PEPE) after the meme coin lost 50% of its maximum value in just three days.

The whales, whose identities are unknown, have spent nearly $4 million to accumulate over two trillion units of the PEPE meme coin, even as its price continues to decline. According to Lookonchain, a well-known market tracker in the crypto community, the whales started to buy PEPE after the price dropped.

One of the whales, identified as 0x50C1, withdrew a staggering 1.4 trillion PEPE worth over $2.76 million from the largest crypto exchange, Binance, when the meme coin traded at $0.000002054. Two other whales jointly bought 636 billion units of PEPE using 673 Ethereum (ETH) tokens worth $1.2 million as PEPE plunged below $0.000002.

3 whales started to buy $PEPE after the price dropped.

0x50C1 withdrew 1.4T $PEPE($2.76M) from #Binance when the price was $0.000002054.

0x2Baa bought 212B $PEPE($429K) with 223 $ETH($412K) at $0.000001942.

0x3AE8 bought 424B $PEPE($864K) with 450 $ETH($831K) at $0.000001957. pic.twitter.com/Y3wFOshkDI
— Lookonchain (@lookonchain) May 9, 2023

Additionally, a whale who earned $14.5 million trading PEPE has been buying Turbo, a token generated with ChatGPT, since May 3, according to on-chain data analyzed by Lookonchain.

This whale was not an early buyer of $PEPE, but he kept buying $PEPE from Apr 19 to 27 when the price of $PEPE was depressed.

So is he buying $TURBO because he knows something we don't?

Check my previous tweet.https://t.co/iA7aGLbHSR pic.twitter.com/94LZDFrtBO
— Lookonchain (@lookonchain) May 9, 2023

Turbo, launched last month, has more than doubled in price since trading ramped up earlier this month, and currently has a market cap of $78 million, which would place it among the top 10 memecoins. The token's volume over the past 24 hours reached $55,5. The token pulled ahead of Shiba Inu in terms of volume traded on Tuesday.

PEPE has seen over $460 million traded in the past 24 hours, with trading volumes shifting from decentralized exchange Uniswap to crypto exchange Binance after the latter listed the tokens in its innovation zone last week. In the past 24 hours, Binance saw over $160 million worth of PEPE trading compared to $53 million on Uniswap.

Source and Copyright: © TradingView

DEXTools data shows PEPE token holders crossed the 100,000 unique holders mark on Tuesday, implying continual buying activity despite a price decline and a possible reversal for the meme coin in the coming weeks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.

Binance

About the author

Lee Brooks

Lee Brooks is passionate about the world of blockchain and crypto and by the endless possibilities these technologies offer

Post your comment

Last news

06/01/2023

Aark Digital Invites Traders to Participate in the Testnet and Qualify for an Airdrop

Aark Digital, a decentralized perpetuals exchange built on Arbitrum, is offering users the opportunity to receive free AARK tokens through an airdrop.

05/31/2023

Cashmere Unveils MEV-Protected DEX Aggregator and Rewards Early Adopters

Cashmere a multi-chain MEV-protected DEX aggregator has recently launched its testnet. This launch paves the way for early adopters to explore and potentially benefit from the advantages offered by the platform in the future

05/30/2023

Starknet.ID Offers Rewards for Building Your Digital Identity

Starknet.ID, an identity provider on the Starknet network, is offering a unique opportunity for users to engage with their project and earn rewards.

05/29/2023

Dew.gg Offers Exciting Rewards for Beta Testers

Dew.gg an NFT aggregator designed specifically for professional traders on the Polygon Network, has recently announced its official launch, with backing from prominent investors such as Circle, Polygon Labs, and other top-tier venture capital firms.

05/26/2023

EXBI Empowers Investors with Launchpad Platform

EXBI, the innovative hybrid exchange, has announced a significant shift in its strategic direction by introducing the EXBI launchpad platform. This platform opens doors for users to invest in highly promising Web3 projects during their early stages.

05/25/2023

MUFEX Unveils Testnet Inviting Early Supporters to Interact with a DEX

MUFEX, the Decentralized Perpetual Contract Exchange built on Arbitrum, has recently announced its testnet. The platform is now inviting early supporters to participate in testnet actions, allowing users to experience the platform's features.

05/24/2023

Fuel Network Unveils Beta-3 Testnet, Opening Doors to P2P Networking

Fuel Network, a leading layer-2 scalability technology for Ethereum, has recently announced the launch of its "Beta-3" testnet. As the third public testnet from Fuel, Beta-3 brings new features, including peer-to-peer (P2P) networking and the ability to run synchronizing full nodes on the Fuel platform.

05/23/2023

Is LayerZero Planning a Long Anticipated Airdrop?

Rumors of a potential LayerZero airdrop scheduled for May 26 have caused buzz in the crypto Twitter. The speculation gained traction after renowned Chinese crypto enthusiast and prominent airdrop farmer, Hebi, disclosed the anticipated date for the LayerZero airdrop.

05/23/2023

Venom Cutting-Edge Blockchain Launches Testnet and Promises Rewards

Venom, a Layer-1 blockchain based in Abu Dhabi, has recently launched its highly anticipated testnet.

05/22/2023

Smart Aliens Introduces SAS Token Fair Launch on Pinksale

Smart Alien, a metaverse game featuring SmartNFT Aliens residing in the Andromeda galaxy, has just announced the launch of its SAS token through the popular Pinksale launchpad.

ETH
Ethereum

$1,863.47

0.03%

SHIB
Shiba Inu

$0.00000852

0.27%

UNI
Uniswap

$5.03

0.02%

Market ➞

HowTo

Binance Launchpad: Everything You Need to Know

Are you a crypto investor? Try Binance Launchpad today to find the latest tokens in the market to buy safely from the most trusted exchange.

How to Buy Bitcoin with PayPal?

Are you looking to buy Bitcoin with PayPal? This beginner's guide provides tips, safety advice, and an overview of popular exchanges that accept PayPal, such as Bitsmap, eToro, Coinbase, and more. Find out how to buy Bitcoin with PayPal here!

Analytics

Where is the Nearest Bitcoin ATM and a Map of Places Where I Can Buy with Bitcoin

If you're looking for a convenient method to buy Bitcoin or other cryptocurrency, then Bitcoin ATMs might just be the perfect solution for you. These automated teller machines provide an easy way to purchase and sell Bitcoin without the need for complicated exchanges or online wallets. In this article, we'll explore what Bitcoin ATMs are, how they work, and why they have become a popular choice for those looking to dive into the world of cryptocurrencies.

Meme Coin Season: Trends, Hot Coins and Risks

"Meme coin" is a term in the cryptocurrency world that refers to tokens solely backed by an online community of followers and traders. In this article, we talk about trend coins and the history of the phenomenon.

Crypto Whales Spotted Accumulating Pepecoin

About the author

Comments

Post your comment