PepeCoin

<ul><li>A multisign wallet dramatically shifted the PEPE market by transferring 1.238 trillion tokens to Binance, causing a notable 5.2% drop in market value.</li><li>The rapid transaction, held for only three days, sparked speculation of insider knowledge, influencing other investors to reassess their holdings.</li><li>The strategic move by the whale, netting a modest 1.28% profit, underscores the sensitivity of the crypto markets to major transactions.</li></ul>Spot On Chain, a prominent analytical platform, reported a significant cryptocurrency transaction has set the digital currency market abuzz. A multisign wallet made a notable move by transferring all of its holdings of <a href="https://twitter.com/spotonchain/status/1787731949554995388" rel="noopener noreferrer nofollow">1.238 trillion PEPE tokens</a> (equivalent to approximately $10.6 million) to the popular exchange platform Binance. This large-scale transfer has immediately impacted PEPE’s market value, resulting in a sharp decline of approximately 5.2%.The transaction details, disclosed in a recent X post by <a href="https://twitter.com/spotonchain/status/1787011955745493388" rel="noopener noreferrer nofollow">Spot On Chain</a>, have raised eyebrows across the cryptocurrency community. It happened at around 3:04 AM UTC on Tuesday. <a href="https://cryptotale.org/recent-whale-movements-spark-speculation-in-dogecoin-market/" rel="noopener noreferrer nofollow">Crypto whales</a> are large investors of cryptocurrencies whose moves can often lead to a market shake. According to the analysis, the whale possessed the <a href="https://cryptotale.org/pepe-meme-coin-sees-volatility-amid-market-consolidation/" rel="noopener noreferrer nofollow">PEPE tokens</a> for a mere three days. The timing and scale of the transfer suggest a strategic move by the whale, who stood to gain a modest profit of about $134,000, which translates to a 1.28% increase from their initial investment.<a href="https://cryptotale.org/whale-alert-pepe-price-dropped-by-5-with-whales-quick-trade/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Whale Alert: PEPE Price Dropped by 5% With Whale’s Quick Trade

CryptoTale

Other articles published on May 7, 2024

Bitcoin, Polkadot, Hedera Interoperability Protocol Takes Significant Step Forward

Shiba Inu (SHIB) Price Aims for $0.00003 as Crypto Whale Withdraws $1 Million Worth of SHIB Tokens

Galaxis Raises $10M for New NFT Launch

SEC Targets Crypto Firms: Comprehensive Analysis of Investigations Involving Bitcoin (BTC) and Ot...

Join Morph’s Revolution With the Launch of Holesky Testnet

Arthur Hayes Increases Investment in DeFi Project Amid Market Corrections

Join our free newsletter for daily crypto updates!