NewsletterPEPE Coin Whale Made $1.23 Million In One Hour
Crypto Market News: Cashing in on the latest memecoin craze in the crypto market, a Pepe Coin (PEPE) whale accumulated the coin in big volumes in exchange for all of his cryptocurrency holdings. The memecoin was launched on April 18, 2023, but it really saw massive demand only in the last one week. In the recent days, several crypto exchanges listed many meme coins, out of which PEPE shot up in huge numbers.
Also Read: US SEC Asked To Reply In 10 Days To Coinbase Complaint
Meanwhile, the crypto market recovered slightly from recent losses after the US Federal Reserve announced a 25 bps target rate on expected lines. The Bitcoin price rose by over 2% in the last 24 hours, rising hopes of a jump above the $30,000 level.
Whale Exchanges All His Crypto For PEPE
On Thursday, on chain data showed that a crypto whale exchanged almost all assets for $PEPE Coin. Interestingly, the trades, which were made around 15 hours ago, cumulatively resulted in over $1 million worth profits.
“The whale exchanged 20.62 $WBTC worth $590,000, 17 billion $CULT worth $90,000, 44,194 $UNI worth $235,000 and 19.96 $ETH worth $37,000 for 1.72 trillion $PEPE worth $2.19 million currently.”
Lookonchain informed that the buying price of $PEPE for the whale was ~$0.0000005533 and made a profit of approximately $1.23 million.
Also Read: OpenSea Ex-manager Convicted Of Money Laundering In NFT Insider Trading
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: U.S. FDIC to Release First Stablecoin Guidelines Under GENIUS Act this Month
- Fed Chair Jerome Powell Speech: Bitcoin Climbs as December Rate Cut Odds Waver
- Crypto ETF News: Vanguard to Enable Trading of BTC, XRP, SOL ETF on Its Platform
- Operation Choke Point: House Republicans Spotlight Biden Administration’s ‘Attack on Crypto’
- Polymarket Rival Kalshi Moves On-Chain With Launch of Tokenized Prediction Markets on Solana
- XRP Price Prediction as Ripple Gets MAS Licence in Singapore
- Ethereum Price Crashes Below $3,000 as $500M Longs Liquidated: What’s Next?
- Pi Network Price Prediction Ahead of December’s 190M Scheduled Unlock
- Dogecoin Price Below $0.15 as Crypto Market Crashes: Will $0.10 Hold?
- Will the Binance Coin Price Rebound as a Key RWA Metric Jumps 99%
- AVAX Price Prediction After Bitwise Files for a Staking ETF — A Rebound Coming?
