Whale Alert: $2 Million PEPE Purchase Sees 105 Billion Tokens Snapped Up

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	56,315,728,334	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

56,315,728,334

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00748	1.98%	0.38563	0.38564	0.38576

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00748

1.98%

0.38563

0.38564

0.38576

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.39555	0.36918	0.37901	0.37815	0.070760 - 0.439500

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.39555

0.36918

0.37901

0.37815

0.070760 - 0.439500

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	22:18:26	24.90	0.38563	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

22:18:26

24.90

0.38563

USD

Price x Volume	Volume	Base Symbol	Related Pairs
321,587,112.67	836,847,587.10	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

321,587,112.67

836,847,587.10

Whale Alert: $2 Million PEPE Purchase Sees 105 Billion Tokens Snapped Up

21/11/2024 3:30pm

NEWSBTC

A prominent player has dominated the limelight in the crypto circle by buying more than 105 billion PEPE tokens at a cost of $2 million. The token has fluctuated wildly over the course of the last several months and this particular exchange on November 20, has caused significant interest due to its enormity and the prevailing market tendencies. Related Reading: Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania Investor Confidence In The Face Of Volatility A bold move from an anonymous investor comes at a time when the meme coin is seeing some volatility. PEPE has been down, trading at about $0.00002027 as of November 19 after hitting an all-time high of about $0.00002457 earlier this month. Based on data from Lookonchain, the unknown investor shelled out $2 million worth of USDC to purchase 105,328,301,633 (approximately 105.33 billion) PEPE in a single transaction. Someone spent 2M $USDC to buy 105.33B $PEPE in a single transaction! Address: 0xd71c6b3760cfd22e50e5514d163986552a96930b pic.twitter.com/kDKmgptPEc — Lookonchain (@lookonchain) November 21, 2024 The investor thought it would be smart to buy more of the joke cryptocurrency at a lower price, even though the price was going down. Some investors might agree with the choice. This includes “whales,” who have been buying PEPE during market swings. PEPE: Market Trends And Performance Since its April 2023 launch, PEPE has undergone significant transformation. Starting extremely modest at $0.00000001, its market value skyrocketed in a few weeks to over $1 billion. This coin got rather more well-known as prominent exchanges like Robinhood and Coinbase started trading it. Still, PEPE is vulnerable to market patterns swayed by more general economic events and social media, just as many cryptocurrencies are. Among the meme coins that have lately gone somewhat popular are PEPE, Dogecoin, and Shiba Inu. Actually, PEPE saw an amazing increase of more than 106% just in mid-November. Prospects And Obstacles Although the recent acquisition indicates robust investor interest, PEPE and comparable meme currencies are confronted with numerous obstacles. Market volatility continues to be a significant concern, as prices can fluctuate significantly in response to regulatory news or social media trends. Related Reading: Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says PEPE’s standing in the market could potentially be impacted by rival coins. To maintain its drive, PEPE needs to draw in fresh investors while also showing practical usefulness that goes beyond its status as a joke. For those investors pondering an initiation or increase of their stakes in meme currencies like PEPE, keeping abreast with the shifting rhythm and patterns of the cryptocurrency ecosystem is of utmost importance, given its constant advancement. The most recent large-scale transaction is indicative of the risks and opportunities that are inherent in this rapidly evolving market. Investors are closely monitoring the outcome of this audacious maneuver to determine whether it will prove advantageous or whether the volatile nature of cryptocurrencies will generate additional uncertainty in the near future. Featured image from DALL-E, chart from TradingView

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DOGEUSD Dogecoin