Pepe Coin

Pepe

A major player in the crypto market has shifted his attention from Shiba Inu (SHIB) to focus on Pepe Coin, a leading player in the meme coins sector. However, despite this shift, Pepe Coin experienced a dip in price today, contrasting sharply with SHIB’s notable gains of over 9%.
Meanwhile, the shift in focus of the trader was highlighted by Lookonchain, a platform tracking on-chain transactions, in their latest report.
<h2 id="whale-shifts-focus-to-pepe-coin-from-shib">Whale Shifts Focus To Pepe Coin From SHIB</h2>
Lookonchain’s recent report unveiled a significant transaction involving the withdrawal of a staggering <a rel="noopener noreferrer nofollow" href="https://etherscan.io/address/0xd21d0ff68445891498e21f1068eae04c5a207010" target="_blank">67 billion Pepe Coins</a>, valued at $1.02 million, from the OKX exchange. The transaction signifies a shift in strategy for an investor who previously incurred substantial losses in <a href="https://coingape.com/blog/shiba-inu-investor-turns-2625-into-1-1-million-here-is-how/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a>, having bought 40.9 billion SHIB at peak prices during the bullish phase, only to sell at a loss during the subsequent bear market.
According to the report, the trader accumulated the Shiba Inu coins for around $2.98 million when the price was high and sold it during the price dip phase. Notably, the whale made a loss of $2.55 million, or 85.5% with his SHIB trading.
<figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://pbs.twimg.com/media/GOu_9xwbgAEUIV1?format=jpg&amp;name=4096x4096" alt="Pepe Coin Whale Shiba Inu" width="754" height="336">
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 Source: Lookonchain, X
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</figure>
Meanwhile, this strategic maneuver raises questions about the investor’s intentions and the potential for profit in the Pepe Coin market. With the whale’s previous misfortune in SHIB, all eyes are now on whether the newfound focus on <a href="https://coingape.com/trending/top-reasons-why-pepe-price-rally-might-flip-polygon-matic-soon/" target="_blank" rel="noopener noreferrer nofollow">Pepe Coin</a> will yield better results, igniting curiosity and speculation within the crypto community.
Also Read: <a href="https://coingape.com/dogwifhat-wif-price-surges-12-for-second-day-new-ath-soon/" target="_blank" rel="noopener noreferrer nofollow">Dogwifhat (WIF) Price Surges 12% for Second Day, New ATH Soon?</a>
<h2 id="a-closer-look-into-market-response-prices">A Closer Look Into Market Response &amp; Prices</h2>
The market response to the whale’s move has been mixed, with Pepe Coin witnessing a decline in price despite the influx of investment. In contrast, SHIB has enjoyed significant gains, highlighting the volatility and unpredictability inherent in the <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> landscape.
However, with the spotlight now on Pepe Coin, there is renewed optimism among its supporters regarding future prospects. The whale’s accumulation of a substantial amount of Pepe Coins could potentially signal confidence in the coin’s long-term viability, potentially attracting more investors and bolstering its market position.
In addition, the Pepe Coin has also witnessed robust gains over the past few days, which has sent the frog-themed <a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener noreferrer nofollow">meme coin</a> to its all-time high. Besides, several large transactions of <a href="https://coingape.com/pepe-coin-price-smart-trader-nabs-867-profit-pepe-hits-new-all-time-high/" target="_blank" rel="noopener noreferrer nofollow">PEPE</a> have also been witnessed in recent days, indicating the growing confidence of the investors towards the crypto.
As of writing, <a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener noreferrer nofollow">Pepe Coin price</a> was down 9.37% and exchanged hands at $0.00001525, after touching a 24-hour high of $0.00001689. Notably, the crypto has witnessed a weekly surge of about 13%, while over the last 30 days, it added about 120%.
On the other hand, <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu price</a> traded at $0.00002779, up 9.47%, while its trading volume skyrocketed 166.83% to $2.41 billion. Notably, the meme coin has touched a high of $0.00002933 and a low of $0.00002538 in the last 24 hours.
Also Read: <a href="https://coingape.com/crypto-like-bubble-possible-ai-says-nobel-laurette-romer-ai-coins-suffer/" target="_blank" rel="noopener noreferrer nofollow">Crypto-Like Bubble Possible In AI Says Nobel Laureate Romer, AI Coins To Suffer?</a>
The post <a href="https://coingape.com/pepe-coin-whale-shifts-focus-from-shib-with-68b-pepe-accumulation/" rel="noopener noreferrer nofollow">Pepe Coin: Whale Shifts Focus From SHIB With 68B PEPE Accumulation</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Pepe Coin: Whale Shifts Focus From SHIB With 68B PEPE Accumulation

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