Whale Makes Big Profits After Price Surge
After its launch in April of last year, the frog-themed coin shook the crypto space and the memecoin market, becoming one of the most recognizable memecoins in the sphere.Despite the big start, PEPE’s price started fading as the market turned its eyes to competitors like BONK and other Solana-based memecoins. However, the bull run has propelled the market prices to heights unseen since 2022, and PEPE has taken advantage of the bullish momentum.
As reported by the blockchain analytics platform Lookonchain, a whale made over 431% in profits in just two weeks. The address shows that the trader withdrew over 1 trillion PEPE tokens from Binance in three transactions before the price skyrocketed.In just 2 weeks, this trader made $8.13M(+431%) on ! This trader deposited 196.18B ($1.7M) to for profits 4 hours ago, with 1T ($8.31M) left. He withdrew 1.19T (cost ~$1.88M) from before the price of increased.… — Lookonchain (@lookonchain)
As reported by NewsBTC, whales have profited from their PEPE holdings since the memecoin started its resurgence in late February.
PEPE’s Massive 800% Surge
Despite the volatile crypto market and whales selling large amounts of PEPE, its community seemingly feels in the frog-theme coin and considers it THE memecoin of this bull run.Since the memecoin interest surged, Pepe coin has tagged along and shown massive growth. In the last 14 days, the token has registered a staggering 549% price. Even more impressively, the price has risen 799.5% in the past month.will surprise everyone like did in 2021.
— Tryrex (@Tryrexcrypto)
After the first Dogecoin pump in 2021, some people regretted not buying.
Don't make the same mistake in 2024 with . This is THE meme coin of this bullrun.
The token has climbed to the top of the memecoin ranking after flipping tokens like BONK and CorgiAI. PEPE now sits as the third largest memecoin with a market capitalization of $3.85 billion, an 8.41% increase in the last 24 hours.
Similarly, its daily trading volume has increased by 16.85% to $1.49 billion, suggesting that market activity and interest in the memecoin have surged in the last day. At writing time, PEPE is trading at $0,000009135. This represents an 8.5% rise in 24 hours and a 5.95% decrease from its ATH of $0,000009793, registered two days ago.PEPE price performance in the 5-day chart. Source: PEPEUSDT on