- At press time, PEPE was buying and selling at $0.000002328.
- The token worth has declined by 10.93% within the final 24 hours.
- PEPE hit an all-time excessive of $0.000004354 on Could 5, 2023.
Three days after hitting its all-time excessive, PEPE, a meme token that has seen its recognition undergo the roof lately, is now on the decline.
The worth of PEPE has dropped by 46.53% in simply three from its all-time excessive of $0.000004354, which it hit after the meme token obtained listed on a number of main exchanges together with OKX and Binance.
PEPE worth
About 4.23 trillion PEPE tokens despatched to Binance
In response to a tweet by blockchain knowledge supplier Lookonchian, an enormous whale purchased 4.23 trillion PEPE tokens utilizing 422 $ETH and 200K $USDC. The whale then deposited all of the bought PEPE to Binance.
The above transactions have been made on Could 5, the identical day Binance introduced PEPE’s itemizing. Instantly after buying the trillion of PEPE tokens, the value of PEPE skyrocketed making the whale accrue a revenue of about $14.5 million on the time he was depositing the token in Binance.
There may be worry available in the market that the transfer by the whale to ship the meme cash to Binance may very well be in preparation to promote the tokens with the intention to recoup income earlier than the token dumps. These fears have exerted strain in the marketplace ensuing within the present worth drop.
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https://coinjournal.internet/information/pepe-price-dives-after-whale-transfers-trillions-of-tokens-to-binance/