Pepe Coin Gets Huobi Backing; PEPE Price To Skyrocket?

PEPE News: The latest meme coin in trend, PEPE has received complete backing from the Huobi crypto exchange. In a recent announcement, Huobi Global stated that it will be adding PEPE/USDT perpetual Futures on April 26, 2023. The crypto exchange listed the trending meme coin on April 18, 2023.

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Will Pepe Coin Price Shoot Again?

Pepe Coin managed to get into the trend after surging more than 900% in a day. The meme coin helped the initial investors to bag around 7500X returns. However, the PEPE price dropped after touching its all time high (ATH) of $0.0000004036 registered on April 20, 2023. However, its price is up by 290% in the last 30 days. Pepe is trading at an average price of 0.00000022, at the press time.

According to LookonChain, around 5 addresses are related to pepecexwallet.eth accumulated more than 8.87 trillion PEPE at the initial price. The purchase was made at the price of 0.19 Ethereum (approx worth $385). It reportedly sold around 7.76 trillion for a whopping $1.23 million on DEX. This deal let them make a profit of around $1.23 million which is 3,200 times more than the purchase worth.

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However, the on chain data depicts that a wallet address recently spent around $1 million in buying Pepe Coin. This accumulation made the wallet the 10th biggest holder of the meme coin. In order to become on of the biggest holder, the whale bought 3.79 trillion of Pepe with 422 ETH (Approx worth $871k). While he added used 100K USDC to accumulate the meme coin at an average price of $0.000000256 from April 19 to April 22, 2023.