{"id":654173,"date":"2024-11-21T15:30:56","date_gmt":"2024-11-21T15:30:56","guid":{"rendered":"https:\/\/wncen.com\/?p=654173"},"modified":"2024-11-21T08:20:18","modified_gmt":"2024-11-21T08:20:18","slug":"whale-alert-2-million-pepe-purchase-sees-105-billion-tokens-snapped-up","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/whale-alert-2-million-pepe-purchase-sees-105-billion-tokens-snapped-up\/","title":{"rendered":"Whale Alert: $2 Million PEPE Purchase Sees 105 Billion Tokens Snapped Up"},"content":{"rendered":"<p><span id=\"input-sentence~0\">A prominent player has dominated the limelight in the crypto circle by buying more than 105 billion PEPE tokens at a cost of $2 million. The token has fluctuated wildly over the course of the last several months and this particular exchange on November 20, has caused significant interest due to its enormity and the prevailing market tendencies.<\/span><span id=\"input-sentence~1\"><br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/upbit-listing-sends-bonk-skyrocketing-74-for-a-fresh-ath-in-memecoin-mania\/\" target=\"_blank\" rel=\"noopener \">Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania<\/a><\/div>\n<h2>Investor Confidence In The Face Of Volatility<\/h2>\n<p><span id=\"input-sentence~1\">A bold move from an anonymous investor comes at a time when the meme coin is seeing some volatility. PEPE has been down, trading at about $0.00002027 as of November 19 after hitting an all-time high of about $0.00002457 earlier this month.<\/span><span id=\"input-sentence~2\"><br \/>\n<\/span><\/p>\n<p>Based on data from Lookonchain, the unknown investor shelled out $2 million worth of USDC to purchase 105,328,301,633 (approximately 105.33 billion) PEPE in a single transaction.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Someone spent 2M <a href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$USDC<\/a> to buy 105.33B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$PEPE<\/a> in a single transaction!<\/p>\n<p>Address:<br \/>\n0xd71c6b3760cfd22e50e5514d163986552a96930b <a href=\"https:\/\/t.co\/kDKmgptPEc\" rel=\"nofollow\">pic.twitter.com\/kDKmgptPEc<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/40625297?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 21, 2024<\/a><\/p><\/blockquote>\n<p>The investor thought it would be smart to buy more of the joke cryptocurrency at a lower price, even though the price was going down. Some investors might agree with the choice. This includes &#8220;whales,&#8221; who have been buying PEPE during market swings.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-654174\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_206754.png?resize=1024%2C469\" alt=\"\" width=\"1024\" height=\"469\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_206754.png?w=1602 1602w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_206754.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_206754.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_206754.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_206754.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_206754.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_206754.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<h2 class=\"mb-2 mt-6 text-lg first:mt-3\">PEPE: Market Trends And Performance<\/h2>\n<p>Since its April 2023 launch, PEPE has undergone significant transformation. Starting extremely modest at $0.00000001, its market value skyrocketed in a few weeks to over $1 billion. This coin got rather more well-known as prominent exchanges like Robinhood and Coinbase started trading it.<\/p>\n<figure style=\"width: 1847px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/hrPsvaVG\/\" alt=\"\" width=\"1847\" height=\"959\"><figcaption class=\"wp-caption-text\">PEPE market cap currently at $8.18 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Still, PEPE is vulnerable to market patterns swayed by more general economic events and social media, just as many cryptocurrencies are. Among the meme coins that have lately gone somewhat popular are PEPE, Dogecoin, and Shiba Inu. Actually, PEPE saw an amazing increase of more than 106% just in mid-November.<\/p>\n<h3>Prospects And Obstacles<\/h3>\n<p>Although the recent acquisition indicates robust investor interest, PEPE and comparable meme currencies are confronted with numerous obstacles. Market volatility continues to be a significant concern, as prices can fluctuate significantly in response to regulatory news or social media trends.<\/p>\n<figure id=\"attachment_654176\" aria-describedby=\"caption-attachment-654176\" style=\"width: 674px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-654176 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_1af62b.png?resize=674%2C329\" alt=\"\" width=\"674\" height=\"329\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_1af62b.png?w=674 674w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_1af62b.png?w=460 460w\" sizes=\"auto, (max-width: 674px) 100vw, 674px\"><figcaption id=\"caption-attachment-654176\" class=\"wp-caption-text\">PEPE price performance in the last month. Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/poland-could-lead-with-bitcoin-reserve-presidential-hopeful-says\/\" target=\"_blank\" rel=\"noopener \">Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says<\/a><\/div>\n<p>PEPE&#8217;s standing in the market could potentially be impacted by rival coins. To maintain its drive, PEPE needs to draw in fresh investors while also showing practical usefulness that goes beyond its status as a joke.<\/p>\n<p>For those investors pondering an initiation or increase of their stakes in meme currencies like PEPE, keeping abreast with the shifting rhythm and patterns of the cryptocurrency ecosystem is of utmost importance, given its constant advancement.<\/p>\n<p>The most recent large-scale transaction is indicative of the risks and opportunities that are inherent in this rapidly evolving market. Investors are closely monitoring the outcome of this audacious maneuver to determine whether it will prove advantageous or whether the volatile nature of cryptocurrencies will generate additional uncertainty in the near future.<\/p>\n<p><em>Featured image from DALL-E, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent player has dominated the limelight in the crypto circle by buying more than 105 billion PEPE tokens at a cost of $2 million. The token has fluctuated wildly over the course of the last several months and this particular exchange on November 20, has caused significant interest due to its enormity and the prevailing market tendencies. Related Reading: Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania Investor Confidence In The Face Of Volatility A bold move from an anonymous investor comes at a time when the meme coin is seeing some volatility. PEPE has been down, trading at about $0.00002027 as of November 19 after hitting an all-time high of about $0.00002457 earlier this month. Based on data from Lookonchain, the unknown investor shelled out $2 million worth of USDC to purchase 105,328,301,633 (approximately 105.33 billion) PEPE in a single transaction. Someone spent 2M $USDC to buy 105.33B $PEPE in a single transaction! Address: 0xd71c6b3760cfd22e50e5514d163986552a96930b pic.twitter.com\/kDKmgptPEc \u2014 Lookonchain (@lookonchain) November 21, 2024 The investor thought it would be smart to buy more of the joke cryptocurrency at a lower price, even though the price was going down. Some investors might agree with the choice. This includes &#8220;whales,&#8221; who have been buying PEPE during market swings. PEPE: Market Trends And Performance Since its April 2023 launch, PEPE has undergone significant transformation. Starting extremely modest at $0.00000001, its market value skyrocketed in a few weeks to over $1 billion. This coin got rather more well-known as prominent exchanges like Robinhood and Coinbase started trading it. Still, PEPE is vulnerable to market patterns swayed by more general economic events and social media, just as many cryptocurrencies are. Among the meme coins that have lately gone somewhat popular are PEPE, Dogecoin, and Shiba Inu. Actually, PEPE saw an amazing increase of more than 106% just in mid-November. Prospects And Obstacles Although the recent acquisition indicates robust investor interest, PEPE and comparable meme currencies are confronted with numerous obstacles. Market volatility continues to be a significant concern, as prices can fluctuate significantly in response to regulatory news or social media trends. Related Reading: Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says PEPE&#8217;s standing in the market could potentially be impacted by rival coins. To maintain its drive, PEPE needs to draw in fresh investors while also showing practical usefulness that goes beyond its status as a joke. For those investors pondering an initiation or increase of their stakes in meme currencies like PEPE, keeping abreast with the shifting rhythm and patterns of the cryptocurrency ecosystem is of utmost importance, given its constant advancement. The most recent large-scale transaction is indicative of the risks and opportunities that are inherent in this rapidly evolving market. Investors are closely monitoring the outcome of this audacious maneuver to determine whether it will prove advantageous or whether the volatile nature of cryptocurrencies will generate additional uncertainty in the near future. Featured image from DALL-E, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":654180,"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":[428,6664,1742,86970,88164,88145],"class_list":["post-654173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-digital-currency","tag-joke-coin","tag-memecoins","tag-pepe"],"acf":[],"yoast_head":"\n<title>$2 Million PEPE Purchase Sees 105 Billion Tokens Snapped Up<\/title>\n<meta name=\"description\" content=\"A prominent player has dominated the limelight in the crypto circle by buying more than 105 billion PEPE tokens at a cost of $2 million. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Whale Alert: $2 Million PEPE Purchase Sees 105 Billion Tokens Snapped Up","url":"http:\/\/wncen.com\/news\/whale-alert-2-million-pepe-purchase-sees-105-billion-tokens-snapped-up\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/whale-alert-2-million-pepe-purchase-sees-105-billion-tokens-snapped-up\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_682ddd.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/A_682ddd.png?fit=814%2C813"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","crypto","digital currency","joke coin","memecoins","pepe"],"dateCreated":"2024-11-21T15:30:56Z","datePublished":"2024-11-21T15:30:56Z","dateModified":"2024-11-21T15:30:56Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Whale Alert: $2 Million PEPE Purchase Sees 105 Billion Tokens Snapped Up\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/whale-alert-2-million-pepe-purchase-sees-105-billion-tokens-snapped-up\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/whale-alert-2-million-pepe-purchase-sees-105-billion-tokens-snapped-up\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/A_682ddd.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/A_682ddd.png?fit=814%2C813\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"crypto\",\"digital currency\",\"joke coin\",\"memecoins\",\"pepe\"],\"dateCreated\":\"2024-11-21T15:30:56Z\",\"datePublished\":\"2024-11-21T15:30:56Z\",\"dateModified\":\"2024-11-21T15:30:56Z\"}<\/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\/11\/A_682ddd.png?fit=814%2C813","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/654173","targetHints":{"allow":["GET"]}}],"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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=654173"}],"version-history":[{"count":6,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/654173\/revisions"}],"predecessor-version":[{"id":654186,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/654173\/revisions\/654186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/654180"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=654173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=654173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=654173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}