The on-chain analysis platform, Lookonchain, shared a tweet yesterday regarding the recent buying habits of a particular Pepe (PEPE) whale over the past few days. According to the post, the whale previously made 1,219 ETH, which was estimated to be worth more than $2 million, on PEPE.
Shortly thereafter, this same whale decided to make another move, and purchased 1.33 trillion PEPE at a buying price of 0.000001586. In addition to this, the whale also bought 2.24 trillion PEPE using 26 ETH, worth $48k, at a trading price of 0.00000002166. The whale then sold its PEPE for 1,245 ETH worth about $2.24 million – achieving a 48x profit in the process.
PEPE price (Source: CoinMarketCap)
According to CoinMarketCap, PEPE earned itself the top spot on the platform’s trending list after the meme coin experienced a price increase of more than 15% over the past 24 hours. As a result, PEPE was trading hands at $0.0000019 at press time. Meanwhile, PEPE was also trading close to its daily high of $0.000002055.
Furthermore, PEPE’s price increase throughout the past day allowed it to strengthen against the two market leaders, Bitcoin (BTC) and Ethereum (ETH), by about 17.14% and 17.18% respectively. Despite this, PEPE’s weekly performance was still in the red at -25.65%.
PEPE’s 24-hour trading volume experienced a 14.52% increase as well, and stood at $1,005,242,161. The crypto’s recent price movement took its market cap to $754,591,424. This ranked it as the 57th biggest project in terms of market capitalization.
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Source: Cryptocurrency - investing.com
