2024

Bitcoin

Million

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<a href="https://bitcoinworld.co.in/pepe-whales-move-21-million-worth-of-coins-here-are-the-destinations/" rel="noopener noreferrer nofollow"></a>
On-chain data shows PEPE whales have moved large amounts of the meme coin worth $21 Million during the past day. Here’s where these tokens have been heading.
<h3 id="span-style-font-weight-400-pepe-whales-have-been-active-on-the-network-today-span">PEPE Whales Have Been Active On The Network Today</h3>
According to data from the cryptocurrency transaction tracker service <a href="https://twitter.com/whale_alert/status/1787679988222673104" rel="noopener noreferrer nofollow">Whale Alert</a>, two large PEPE transactions have occurred in the space of a few hours during the past day.&nbsp;
<blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" style="height: 1em; max-height: 1em;"> 1,238,332,920,144 <a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PEPE</a> (10,571,648 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a><a href="https://t.co/DWW29se5Rb" rel="noopener noreferrer nofollow">https://t.co/DWW29se5Rb</a>
 — Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1787679988222673104?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 7, 2024</a>
</blockquote>

Both of these moves are of a scale that’s typically associated with the whales, humongous entities that can carry some influence in the market thanks to their ability to make such large transfers.
See Also: <a href="https://bitcoinworld.co.in/bitcoin-etfs-take-in-217-million-for-second-consecutive-day-of-net-gains/" rel="noopener noreferrer nofollow">Bitcoin ETFs Take In $217 Million For Second Consecutive Day Of Net Gains</a>
Because of their position on the network, their moves can be worth watching, as they may end up reflecting on the price of the cryptocurrency.&nbsp;
As for how exactly the asset may be impacted by the transfers of these investors can come down to what they intended to achieve with the moves.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
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The post <a href="https://bitcoinworld.co.in/pepe-whales-move-21-million-worth-of-coins-here-are-the-destinations/" rel="noopener noreferrer nofollow">PEPE Whales Move $21 Million Worth Of Coins – Here Are The Destinations</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

PEPE Whales Move $21 Million Worth Of Coins – Here Are The Destinations

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