In the midst of increased whale activity, Pepe (PEPE) has witnessed a remarkable surge in price over the past 24 hours, capturing the attention of investors and enthusiasts alike.
As of the latest data, PEPE is trading at $0.0000080, marking a notable 15% increase compared to the previous day. Moreover, the trading volume has surged by 63%, reflecting heightened interest and activity surrounding the meme currency.
With a market capitalization of $3.28 billion, Pepe currently holds the 39th position among all digital assets, underscoring its growing prominence within the crypto market. Notably, the currency has experienced a substantial 47% increase in value over the past 7 days, further solidifying its position as a notable player in the cryptocurrency landscape.
According to insights from Spotonchain, Whale 0x803, associated with the address “rektdolphin.eth,” has been actively accumulating PEPE tokens over the past 24 hours amidst the price surge. The whale has steadily amassed 211.6 billion PEPE tokens, valued at $1.72 million at the current market price.
Whale 0x803 (linked to “rektdolphin.eth”) has been steadily accumulating 211.6B $PEPE (now $1.72M) in the past 24 hours, as the price surged back by 17%!
Notably, the whale:
• accumulated PEPE from #Binance, #Portog #Ubytte at ~$0.000007291 (est. cost: $1.54M), now making… pic.twitter.com/1mcZAIi8F2— Spot On Chain (@spotonchain) April 24, 2024
Whales Accumulate Pepe From Exchanges And Platforms
The notable aspects of the whale’s activity include the strategic accumulation of PEPE tokens from various platforms such as Binance, Gateio, and Uniswap, with an estimated cost of $1.54 million at an average price of approximately $0.000007291.
As a result of this accumulation, the whale is currently enjoying an unrealized profit of $173,000, representing an impressive 11% return on investment.
Furthermore, the whale recently withdrew PEPE tokens just an hour ago, suggesting a continued interest in accumulating more tokens amidst the ongoing price momentum.
Overall, the surge in Pepe’s price and the accompanying whale activity highlight the dynamic nature of the cryptocurrency market, where strategic maneuvers by large holders can significantly impact asset prices.
Moving forward, stakeholders will closely monitor developments in the PEPE market, assessing the implications for its future trajectory and market positioning.
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Source: https://nulltx.com/pepe-pepe-surges-amidst-whale-activity-gains-momentum-in-crypto-market/