Ethereum

2024

Read

PEPE

Rise

<ul>
 <li>A whale bought $2.9 million worth of PEPE tokens, increasing their holdings to $8.34 million.</li>
 <li>Despite a trading price of $0.000013, PEPE surged by 1,040% this year.</li>
 <li>PEPE’s link with Ethereum and a major purchase hint at bullish prospects.</li>
</ul>
<p>A mysterious whale recently made a substantial investment in PEPE tokens. This whale, whose identity remains undisclosed, acquired a staggering 231.6 billion PEPE tokens from the renowned exchange Kraken.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">A whale bought 231.6B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a>($2.9M) from <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Kraken</a> again 7 hours ago.<br><br>The whale has bought a total of 750.34B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a>($8.34M) from <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Kraken</a> at an average price of $0.00001111 since Mar 16.<a href="https://t.co/AbxrKcG4So" rel="noopener noreferrer nofollow">https://t.co/AbxrKcG4So</a> <a href="https://t.co/iXfFmyDmMg" rel="noopener noreferrer nofollow">pic.twitter.com/iXfFmyDmMg</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1799639843242438822?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 9, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The value of this transaction amounted to approximately $2.9 million. This acquisition comes as an addition to the whale’s existing holdings, which already totaled 750.34 billion PEPE tokens, valued at $8.34 million since mid-March.&nbsp;</p>
<p>This substantial purchase highlights the growing interest in PEPE, a meme-inspired cryptocurrency that has been garnering attention since its inception in May. PEPE tokens have been the subject of intense trading activities, attracting investors from various quarters. Notably, the whale’s latest investment underscores a profound belief in PEPE’s potential for further growth.&nbsp;</p>
<p>Speculation suggests that the whale anticipates upward movement in PEPE’s value, possibly driven by bullish market trends. Such confidence amidst market volatility is indicative of a positive outlook for PEPE among certain investors.</p>
<p>It’s noteworthy that PEPE’s current trading price stands at $0.000013 per token, representing a 40% decrease from its all-time high. Nonetheless, the token has experienced a remarkable surge of 1,040% since the beginning of the year.&nbsp;</p>
<p>Additionally, PEPE’s correlation with Ethereum (ETH) has captured the interest of many, as it often moves in tandem with the larger cryptocurrency. The recent sizable purchase of PEPE tokens from a major US exchange is a significant event in the cryptocurrency realm. It suggests a bullish sentiment towards this meme-based token.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/top-10-best-crypto-presales-to-invest-in-april-2024-for-30000x-roi/" rel="noopener noreferrer nofollow">Top 10 Best Crypto Presales to Invest in April 2024 for 30,000x ROI</a></li>
 <li><a href="https://cryptonewsland.com/ethereum-whales-mega-accumulation-spurs-11-price-surge/" rel="noopener noreferrer nofollow">Ethereum Whales’ Mega Accumulation Spurs 11% Price Surge</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-whale-moves-132k-btc-triggers-fomo-vs-fud-debate/" rel="noopener noreferrer nofollow">Bitcoin Whale Moves 132K BTC, Triggers FOMO vs FUD Debate</a></li>
 <li><a href="https://cryptonewsland.com/polkafantasys-new-nft-marketplace-aimee-features-exclusive-collection-from-mega-mans-beastroid/" rel="noopener noreferrer nofollow">PolkaFantasy’s New NFT Marketplace aimée Features Exclusive Collection from Mega Man’s “Beastroid”</a></li>
 <li><a href="https://cryptonewsland.com/why-everyones-talking-about-pepes-32-16-daily-spike/" rel="noopener noreferrer nofollow">Why Everyone’s Talking About PEPE’s 32.16% Daily Spike</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/pepe-whales-mega-purchase-bullish-outlook-on-the-rise/" rel="noopener noreferrer nofollow">PEPE Whale’s Mega Purchase: Bullish Outlook on the Rise</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

PEPE Whale’s Mega Purchase: Bullish Outlook on the Rise

Crypto News Land

Other articles published on Jun 9, 2024

Crypto: Loans Reach Historical Highs

BlockDAG’s Intuitive X1 Mining App & 30,000x ROI Attract Near Protocol Investors, Outshines AVAX ...

🚀 Altcoin Revolution: 5 Coins Ready for Massive Gains!

Dogecoin dalam Tekanan Bearish, Whale Mulai Beraksi

Tether Invests in Emerging Crypto and AI Firms

Polkadot and Dogeverse Lose Ground as MoonBag's Top Crypto 2024 Presale Surges with $0.25 Novembe...

Join our free newsletter for daily crypto updates!