Pepe whale moves significant amount of coins to Binance
Blockchain analysis tool Lookonchain reports that a significant PEPE investor offloaded an enormous 700 billion tokens, valued at $7.8 million, into the Binance exchange just earlier today.
Following a sizable $3.5 million loss, this investor's PEPE holdings are now worth approximately $9.23 million.
As of the latest update, the PEPE digital currency has seen a 10% increase in the last day, trading at $0.00001197, despite a 21% decrease over the previous month.
Amid Bitcoin's current price surge, the meme coin market is witnessing a rebound, highlighted by significant performances from dogwifhat (WIF) and Bonk (BONK), both of which are registering nearly 20% in daily uplifts.
In a recent twist, a WIF investor, who suffered a severe $4.6 million loss, decided to repurchase the token at a premium, as detailed by Lookonchain.
Currently, WIF has depreciated by 61% from its all-time high of $4.83, reached on March 31, positioning it as one of the meme coin sector’s underperformers. In contrast, PEPE has declined 32% from its high on March 27.
