- Prominent Pepe whale acquired 227 billion PEPE at $0.0000011.
- Whale strategically purchased during low market value, transferred to Binance.
- Lookonchain speculates purchase could indicate imminent surge in PEPE value.
Lookonchain, a blockchain tracking firm, took to Twitter today to share insights on the purchasing behavior of a prominent Pepe (PEPE) whale. The thread shed light on the whale’s recent activity, revealing that they had previously earned $11.47 million on PEPE and had recently acquired 227 billion PEPE at $0.0000011. These findings provide valuable information for those interested in the PEPE market and its fluctuations.
According to Lookonchain’s recent post, a notable whale made a strategic move by purchasing PEPE during a period of low market value. The acquisition occurred between April 19th and April 27th, 2023, and involved a significant investment of 422 Ethereum (ETH) valued at $871K and 200K USD Coin (USDC). The whale reportedly acquired a staggering 4.23 trillion PEPE during this time frame.
Subsequently, the whale deftly transferred the freshly-acquired meme coins to Binance following the exchange’s proclamation of PEPE’s listing. The trader’s other address, 0x24b0, also withdrew 12.54 million Tether (USDT) from the platform.
According to on-chain data, the recent acquisition made by the whale was funded by 0x24b0. The address is responsible for purchasing a staggering 227 billion PEPE and had previously received a substantial sum of 5 million USDC from 0x24b0 before executing the latest transaction. Based on this information, Lookonchain speculates that this purchase could indicate an imminent surge in the value of the cryptocurrency.
The whale’s spending spree did not end with a single hefty purchase. According to the blockchain tracking firm, the whale also acquired a substantial amount of Turbo (TURBO) worth around $1.81 million. Unfortunately, the altcoin’s value has since plummeted, leaving the whale’s TURBO holdings at a mere $376K.
According to the latest update from CoinMarketCap, PEPE has recorded a notable surge of 3.97% in the past 24 hours, bringing its trading price to $0.000001088. Impressively, this meme-inspired cryptocurrency has outperformed the two major players in the market, Bitcoin (BTC) and Ethereum (ETH), during this period.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
