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Analytics Huge purchase of PEPE It was conducted on the world's largest cryptocurrency exchange Binance several hours ago.
This withdrawal occurred as the price of the popular meme coin rose by more than 11%.
Significant accumulation of PEPE was detected
The aforementioned data source tweeted that three hours ago, a cryptocurrency whale withdrew 801.64 billion PEPE from Binance. This was equivalent to $13.53 million.
According to the tweet, this was the second large purchase of PEPE by the same whale in the past 27 hours. Before that, this cryptocurrency trader moved a staggering 1.082 trillion PEPE worth $18.53 million from Binance after purchasing it at an average price of $0.00001773 per coin. After that, he transferred his 1.5 trillion PEPE to three different blockchain wallets.
This happened after the recent PEPE listing announced by the Japanese branch of Binance.
PEPE was launched in April 2023 by a group of anonymous developers who took their inspiration from the famous Pepe the Frog meme. The new meme coin quickly gained traction and was welcomed by several large cryptocurrency exchanges, including Binance.
Related to
PEPE recovers 11% after big decline
Over the past 24 hours, PEPE has risen by more than 11%, recovering after a previous 13.77% drop this week. At the time of this writing, PEPE Change hands at $0.00001721.
PEPE and several other altcoins and meme coins followed the leading cryptocurrency, Bitcoin, with the former rising 7.51% and reaching $97,339. Earlier this week, the flagship cryptocurrency collapsed 5.8%, missing the $95,850 level and landing near $90,000.
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