Pepe Coin

Pepe

NEXT GEN PEPE

Whales have been accumulating Pepe Coin for over a month that led to PEPE price hitting new all-time highs daily. As per IntoTheBlock data, wallet addresses with over $100K have increased their Pepe Coin holdings in the last few days and 100% of PEPE holders are currently in profit. 
PEPE price hit an all-time high of $0.00001156 today and <a href="https://coingape.com/5-reasons-to-buy-hold-pepe-coin-right-now/" target="_blank" rel="noopener">CoinGape</a> recommended buying Pepe Coin when it was trading at $0.000007079 almost a month ago. 
<h2 id="whales-continue-to-accumulate-pepe-coin">Whales Continue to Accumulate Pepe Coin</h2> 
On-chain platform <a rel="nofollow" href="https://etherscan.io/tx/0x004e8295b34dfccd5dc374bc41794578ac1122fc5e4874cf9019c45a087842fd" target="_blank">Lookonchain</a> reported a whale purchased 520 billion Pepe Coin on May 15, speculating further upside movement in PEPE price. The whale withdrew PEPE worth $5.28 million from crypto exchange Binance. 
The whale is not a trader and has held investments in tokens for a long time. He bought a total of 10 tokens and never sold them. Lookonchain added that the whale has a net loss of $6.1 million and only 5 tokens are profitable, with a win rate of 50%. 
<img decoding="async" class="aligncenter" src="https://pbs.twimg.com/media/GNow-CdaQAAClHC?format=png&amp;name=4096x4096" alt="Image" width="767" height="528"> 
In addition, a wallet address related to <a rel="nofollow" href="https://etherscan.io/token/0x6982508145454ce325ddbe47a25d4ec3d2311933?a=0x6308a45e861b7bed353e821469a1b4c26c613243" target="_blank">BlockTower Capital</a> purchased 202 billion worth $2.2 million via crypto trading firm Cumberland. Meanwhile, BlockTower Capital’s main <a href="https://coingape.com/crypto-hedge-fund-blocktower-capital-faces-major-hack/" target="_blank" rel="noopener">hedge fund</a> has been compromised and partially drained by fraudsters. 
Pepe Coin saw massive buying from investors as price hit a new all-time high. IntoTheBlock data revealed that 100% of PEPE traders are in profit, indicating a high probability of selloff by whales. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 100% of <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> holders are currently in profit <a href="https://t.co/nbNp3esIlu">pic.twitter.com/nbNp3esIlu</a> 
 — IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1790409885017866628?ref_src=twsrc%5Etfw">May 14, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Also Read: <a title="Breaking: NYC Firm Becomes Top Holder In BlackRock, Fidelity, Bitwise, GBTC Bitcoin ETF" href="https://coingape.com/breaking-nyc-firm-becomes-top-holder-in-blackrock-fidelity-bitwise-gbtc-bitcoin-etf/" target="_blank" rel="bookmark noopener">NYC Firm Becomes Top Holder In BlackRock, Fidelity, Bitwise, GBTC Bitcoin ETF</a> 
<h2 id="pepe-price-fall-amid-profit-booking">PEPE Price Fall Amid Profit Booking</h2> 
<a href="https://coingape.com/price/pepe-coin" target="_blank" rel="noopener">PEPE price</a> fell 1% in the past 24 hours as whales book profits, with the price currently trading at $0.00001035. The 24-hour low and high are $0.00001004 and $0.00001156, respectively. Furthermore, the trading volume has decreased by 24% in the last 24 hours, indicating a decline in interest among traders. 
Pepe Coin has soared over 100% in a month as whales continued to accumulate. However, derivatives trading indicates massive selling happening across crypto exchanges. Total 1000PEPE futures open interest has dropped 15% on Binance, Bybit, BingX, and Coinbase. 
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 <li><a href="https://coingape.com/breaking-shibaswap-officially-goes-live-on-shibarium-shib-price-set-for-rally/" target="_blank" rel="noopener">ShibaSwap Officially Goes Live On Shibarium, SHIB Price Set For Rally</a></li> 
 <li><a href="https://coingape.com/rep-wiley-nickel-urges-sec-to-withdraw-sab-121/" target="_blank" rel="noopener">Rep. Wiley Nickel Urges SEC to Withdraw SAB 121</a></li> 
</ul> 
The post <a href="https://coingape.com/whales-buy-720-billion-pepe-coin-as-pepe-price-rally-over-100/">Whales Buy 720 Billion Pepe Coin As PEPE Price Rally Over 100%</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Whales Buy 720 Billion Pepe Coin As PEPE Price Rally Over 100%

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