Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

Deep-pocketed crypto traders are scooping up large quantities of Pepe (PEPE) after the memecoin’s value plummeted.

Blockchain tracker Lookonchain spotted three crypto whales buying greater than two trillion Pepe cash mixed for over $4 million.

“Three whales began to purchase PEPE after the value dropped.

• 0x50C1 withdrew 1.4 trillion PEPE ($2.76 million) from Binance when the value was $0.000002054.
• 0x2Baa purchased 212 billion PEPE ($429,000) with 223 ETH ($412,000) at $0.000001942.
• 0x3AE8 purchased 424 billion PEPE ($864,000) with 450 ETH ($831,000) at $0.000001957.”

Pepe is buying and selling for $0.00000185 at time of writing, down 5.5% in the course of the previous 24 hours.

The meme token is down 56.97% from its all-time excessive of $0.00000431, which it hit on Could fifth. Pepe, the Sixtieth-largest crypto by market cap, is likely one of the hottest altcoins as of late.

Pepe has skyrocketed from its all-time low of $0.000000055142, which it recorded on April 18th, in a matter of weeks.

Lookonchain beforehand observed a number of crypto whales gobbling up PEPE as the value started to soar, making huge earnings on their investments.

“A SmartMoney purchased 4 trillion PEPE at a value of two.1 ETH ($4,410) and made roughly $1.71 million!

And this man additionally traded plenty of MEME cash.

The SmartMoney found PEPE and spent 2.1 ETH ($4,410) to purchase 4 trillion PEPE six hours after PEPE was listed.

After every value surge in PEPE, he bought a part of PEPE as a substitute of promoting all of them. He bought a complete of three.27 trillion PEPE for $906,000 and at the moment holds 700 billion PEPE value $808,000.”

Do not Miss a Beat – Subscribe to get crypto e-mail alerts delivered on to your inbox

Examine Value Motion

Observe us on Twitter, Facebook and Telegram

Surf The Day by day Hodl Combine

Generated Picture: Midjourney