Cryptocurrency

when

PEPE

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investor-withdraws-significant-tokens-from-binance-during-market-dip/" data-wpel-link="internal">Investor Withdraws Significant Tokens from Binance During Market Dip</a><br></p>
<p style="text-align: justify">Despite a positive start to the week in the <a href="https://en.coin-turk.com/us-lawmakers-send-letter-to-tech-giant-apple-about-cryptocurrency-blockchain-and-nfts/" data-wpel-link="internal">cryptocurrency market</a>, things took a turn for the worse, and after a 2.5% drop today, the price stands at $60,000. It was also observed that the price fell below $60,000 several times throughout the day. Such declines can bring panic and greater selling pressure. Nevertheless, some investors’ moves can be interpreted as efforts to position themselves before a potential market rise. Despite this, the declines experienced during the day triggered a $100 billion loss in the last 24 hours.</p> 
<h2 style="text-align: justify" id="cryptocurrency-withdrawals">Cryptocurrency Withdrawals</h2> 
<p style="text-align: justify">Amid the market declines, an investor made withdrawals from the Binance exchange totaling $59.41 million, including eight different tokens. The largest withdrawal occurred in ETH, which carries great ETF expectation excitement. During this period, 9,425 ETH, worth approximately $30.92 million at the time of writing, was removed from the exchange.</p> 
<p style="text-align: justify">Additionally, a notable move was seen in meme coins. 957.7 billion PEPE worth $9.82 million and 583.7 billion SHIB worth $9.63 million were withdrawn from exchanges.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367758" src="https://coin-turk.com/wp-content/uploads/2024/07/token-cekim-coin-turk-com.png" alt="" width="832" height="466"></p> 
<p style="text-align: justify">Among the withdrawn tokens were 438,700 RNDR worth $3.13 million, 5.187 million MATIC worth $2.81 million, and 104,100 LINK tokens worth $1.47 million. Additionally, 39,100 AVAX worth $1.08 million and 2.762 million GRT worth $550,000 were also notable.</p> 
<p style="text-align: justify">Considering the period when these transactions took place, it would not be wrong to say that the investor was trying to turn the falling <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a> to their advantage. The market decline was notable during the period when the investor made this move. This move was interpreted as preparation for a potential market rise in the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>.</p> 
<h2 style="text-align: justify" id="shib-and-pepe-prices">SHIB and PEPE Prices</h2> 
<p style="text-align: justify">When we examine the two meme coins involved in the transactions, SHIB was trading at $0.00001638 after a 5% drop in the last 24 hours. SHIB’s market cap remains at $9.6 billion, positioning it 13th on the CoinMarketCap list.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-367757" src="https://coin-turk.com/wp-content/uploads/2024/07/shib-kac-dolar-coin-turk-com.png" alt="" width="2101" height="99"></p> 
<p style="text-align: justify">On the other hand, PEPE, which made headlines last month, saw its price drop by 9.62% in the last 24 hours, falling to $0.00001021.</p> 
<p style="text-align: justify">As PEPE moves further away from the levels reached last month, its market cap has also dropped to $4.2 billion. Despite this, PEPE remains the third-ranked meme coin.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investor-withdraws-significant-tokens-from-binance-during-market-dip/" data-wpel-link="internal">Investor Withdraws Significant Tokens from Binance During Market Dip</a></h5>

Investor Withdraws Significant Tokens from Binance During Market Dip

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