It was stated that a Pepe coin whale sold $2.53 million worth of PEPE at the expense of losing money amid the decline caused by the uncertainty in the cryptocurrency market. The investor made multiple transactions in PEPE and despite the sale, there was a noticeable level of PEPPE continues to hold. The situation that has emerged has also led to various reactions on social media amidst the current market conditions.
PEPE Coin Whale Sales
A crypto whale has visibly sold PEPE, risking a loss. According to data provided by Lookonchain, the whale sent 330 billion PEPE to crypto exchange Kraken and already has another 1 trillion in its portfolio, worth $7.57 million. PEPPE continues to hold. This whale has made multiple large transactions in the past that did not go unnoticed by the community. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
It was seen that the whale sold 500 billion Pepe tokens in the first stage and then increased the number of PEPE in its possession by purchasing 828 billion tokens. In this direction, it started to hold 1.3 trillion PEPE worth 9.9 million dollars by purchasing at a low price. With the recent market movement, the investor lost over 3 million dollars from the transaction he made.
It is known that the transactions carried out by these and other crypto whales have a visible effect on the market. It is known that these large-scale sales made at a loss can also have an effect on individual investors in the market, and it is thought that the anxiety that may occur as a result of this can bring about price declines.
How Many Dollars is PEPE?
According to cryptocurrency investors PEPE’s The decline was not specific to PEPE alone, but was also related to the general decline in the market. It is known that the same whale still has a large amount of Pepe coins, despite selling. It is known that meme tokens can rise and fall depending on the movements of the leading cryptocurrencies in the market.
As of writing time, PEPE is finding buyers at $0.00000709. This situation indicates a 1% decrease in the last 24 hours, in line with the uncertainty in the market.
PEPE’s market volume decreased to 3.2 billion dollars after the decrease in price, while its transaction volume decreased to 490.6 million dollars after a 10% decrease, above the price decrease.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
