{"id":606753,"date":"2024-05-06T17:30:48","date_gmt":"2024-05-06T17:30:48","guid":{"rendered":"https:\/\/wncen.com\/?p=606753"},"modified":"2024-06-11T14:45:33","modified_gmt":"2024-06-11T14:45:33","slug":"crypto-whale-10-4-million-pepe","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-whale-10-4-million-pepe\/","title":{"rendered":"Crypto Whale Spends $10.4 Million On PEPE, Do They Know Something You Don\u2019t?"},"content":{"rendered":"

A <\/span>crypto whale\u2019s transaction<\/span><\/a> involving the third-largest meme coin by market cap, <\/span>PEPE<\/span>, has drawn the crypto community\u2019s attention. The magnitude of the transaction, coupled with some other whale transactions, suggests that it may be high time to pay <\/span>more attention<\/span><\/a> to PEPE.\u00a0<\/span><\/p>\n

Crypto Whale Spends $10.4 Million On PEPE<\/h2>\n

On-chain analytics platform Spotonchain<\/span><\/a> revealed a wallet (3eAaAC3C9) that had purchased 1.238 trillion PEPE from Binance at an average price of $0.000008424 ($10.4 million). This wallet then proceeded to withdraw the tokens in two transactions. On-chain data shows that the whale withdrew 322.5 billion PEPE in the <\/span>first transaction<\/span><\/a> and the remaining 915.85 billion PEPE in the <\/span>second transaction<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here<\/a><\/div>\n

At the time of writing, the whale hasn\u2019t moved the tokens, suggesting they may be looking to hold for the long term. Some notable smart traders look to have been accumulating the meme coin lately, most likely in anticipation of significant price moves from it. Spotonchain also recently revealed two whales that had withdrawn 660.7 billion PEPE from <\/span>Binance<\/span><\/a> and MEXC.\u00a0<\/span><\/p>\n

The platform also <\/span>mentioned<\/span><\/a> another whale that withdrew 322.48 billion PEPE ($2.68 million) from Binance for the first time. More recently, Spotonchain drew the crypto community\u2019s attention to a smart trader who has been profiting from the meme coin since last year. This trader is said to have completed 8 trades and realized a cumulative profit of $917,000.\u00a0<\/span><\/p>\n

Seeing how PEPE has performed since the start of the year, these whales’ interest in the meme coin isn’t surprising. <\/span>Data<\/span><\/a> from CoinMarketCap shows that PEPE has made a year-to-date (YTD) gain of over 500%, and this <\/span>bullish momentum<\/span><\/a> looks to be far from over. Interestingly, many traders have yet to jump on the the wave, as just over 200,000 persons <\/span>hold<\/span><\/a> the meme coin.\u00a0<\/span><\/p>\n

Price To Hit New All-time High (ATH) Soon<\/h2>\n

Crypto analyst Plazma recently <\/span>suggested<\/span><\/a> that PEPE could soon hit a <\/span>new <\/span><\/a>all-time high. PEPE\u2019s current ATH is at $0.00001074, with the meme coin trading just 20% below this price level. Crypto analyst Yazan also <\/span>hinted<\/span><\/a> that meme coin would soon hit a new all-time high, asking his followers if they were ready for this to happen.\u00a0<\/span><\/p>\n

Related Reading: Cardano Comeback: Analyst Reveals Why It\u2019s Time To Get Back Into ADA<\/a><\/div>\n

PEPE is currently ranked as the thirtieth largest crypto token by market cap and is likely to climb higher if it eventually hits a new ATH. Crypto analyst and trader Murad believes that the meme coin could rise to the top 10 crypto tokens by market cap since he <\/span>predicted<\/span><\/a> that PEPE could flip <\/span>Shiba Inu (SHIB)<\/span><\/a> and possibly <\/span>Dogecoin (DOGE)<\/span><\/a>.<\/span><\/p>\n

At the time of writing, the meme coin is trading at around $0.000008615, down in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0\u00a0<\/span><\/p>\n

\"PEPE<\/p>\n

Token price drops to $0.0000084 | Source: PEPEUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Gemini, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto whale\u2019s transaction involving the third-largest meme coin by market cap, PEPE, has drawn the crypto community\u2019s attention. The magnitude of the transaction, coupled with some other whale transactions, suggests that it may be high time to pay more attention to PEPE.\u00a0 Crypto Whale Spends $10.4 Million On PEPE On-chain analytics platform Spotonchain revealed a wallet (3eAaAC3C9) that had purchased 1.238 trillion PEPE from Binance at an average price of $0.000008424 ($10.4 million). This wallet then proceeded to withdraw the tokens in two transactions. On-chain data shows that the whale withdrew 322.5 billion PEPE in the first transaction and the remaining 915.85 billion PEPE in the second transaction.\u00a0 Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here At the time of writing, the whale hasn\u2019t moved the tokens, suggesting they may be looking to hold for the long term. Some notable smart traders look to have been accumulating the meme coin lately, most likely in anticipation of significant price moves from it. Spotonchain also recently revealed two whales that had withdrawn 660.7 billion PEPE from Binance and MEXC.\u00a0 The platform also mentioned another whale that withdrew 322.48 billion PEPE ($2.68 million) from Binance for the first time. More recently, Spotonchain drew the crypto community\u2019s attention to a smart trader who has been profiting from the meme coin since last year. This trader is said to have completed 8 trades and realized a cumulative profit of $917,000.\u00a0 Seeing how PEPE has performed since the start of the year, these whales’ interest in the meme coin isn’t surprising. Data from CoinMarketCap shows that PEPE has made a year-to-date (YTD) gain of over 500%, and this bullish momentum looks to be far from over. Interestingly, many traders have yet to jump on the the wave, as just over 200,000 persons hold the meme coin.\u00a0 Price To Hit New All-time High (ATH) Soon Crypto analyst Plazma recently suggested that PEPE could soon hit a new all-time high. PEPE\u2019s current ATH is at $0.00001074, with the meme coin trading just 20% below this price level. Crypto analyst Yazan also hinted that meme coin would soon hit a new all-time high, asking his followers if they were ready for this to happen.\u00a0 Related Reading: Cardano Comeback: Analyst Reveals Why It\u2019s Time To Get Back Into ADA PEPE is currently ranked as the thirtieth largest crypto token by market cap and is likely to climb higher if it eventually hits a new ATH. Crypto analyst and trader Murad believes that the meme coin could rise to the top 10 crypto tokens by market cap since he predicted that PEPE could flip Shiba Inu (SHIB) and possibly Dogecoin (DOGE). At the time of writing, the meme coin is trading at around $0.000008615, down in the last 24 hours, according to data from CoinMarketCap.\u00a0\u00a0 Token price drops to $0.0000084 | Source: PEPEUSDT on Tradingview.com Featured image from Gemini, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":606777,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[85279,88145,89512,88215,88719,88190,88188,14896,89615],"class_list":["post-606753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-whale","tag-pepe","tag-pepe-news","tag-pepe-price","tag-pepe-whales","tag-pepeusd","tag-pepeusdt","tag-whale","tag-whale-news"],"acf":[],"yoast_head":"\nCrypto Whale Spends $10.4 Million On PEPE, Do They Know Something You 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Whale Spends $10.4 Million On PEPE, Do They Know Something You Don\u2019t?","url":"http:\/\/wncen.com\/news\/crypto-whale-10-4-million-pepe\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-whale-10-4-million-pepe\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/PEPE.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/PEPE.png?fit=2560%2C1440"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto whale","pepe","pepe news","pepe price","pepe whales","pepeusd","pepeusdt","whale","whale news"],"dateCreated":"2024-05-06T17:30:48Z","datePublished":"2024-05-06T17:30:48Z","dateModified":"2024-06-11T14:45:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Whale Spends $10.4 Million On PEPE, Do They Know Something You Don\\u2019t?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-whale-10-4-million-pepe\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-whale-10-4-million-pepe\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/PEPE.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/PEPE.png?fit=2560%2C1440\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto whale\",\"pepe\",\"pepe news\",\"pepe price\",\"pepe whales\",\"pepeusd\",\"pepeusdt\",\"whale\",\"whale news\"],\"dateCreated\":\"2024-05-06T17:30:48Z\",\"datePublished\":\"2024-05-06T17:30:48Z\",\"dateModified\":\"2024-06-11T14:45:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/PEPE.png?fit=2560%2C1440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/606753"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=606753"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/606753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/606777"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=606753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=606753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=606753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}