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Crypto Whale Buys 414.72 Billion PEPE Tokens, Continues to Drive Token’s Growth

Mushu Butt by Mushu Butt
May 6, 2023 - 10:29 am
in altcoins news, ethereum news, sticky
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In a move that has left the crypto world buzzing, a whale investor has reportedly bought a whopping 414.72 billion PEPE tokens with 622 ETH, which amounts to approximately $1.2 million. The transaction was completed just an hour ago, with an average buying price of $0.000002912 per PEPE token.

This latest purchase by the whale is not their first foray into the PEPE coin. According to data from Lookonchain, they had previously purchased 5.55 trillion PEPE tokens with $409,000 at an average price of $0.0000000737. They later sold 1.75 billion PEPE tokens for a staggering 2,128 ETH, worth $4.18 million, at an average price of $0.00000239.

This whale bought 414.72B $PEPE with 622 $ETH ($1.2M) 30 mins ago, with an average buying price of $0.000002912.

The whale bought 5.55T $PEPE with $409K at $0.0000000737 and sold 1.75B $PEPE for 2,128 $ETH($4.18M) at $0.00000239 before.

Currently holds 4.2T $PEPE($12M). pic.twitter.com/XZNE2NeCzp

— Lookonchain (@lookonchain) May 6, 2023

A Stir in the Crypto World

The crypto whale, who currently holds 4.2 trillion PEPE tokens worth an estimated $12 million, has caused a stir in the crypto world with their latest purchase. PEPE is a relatively new token, having launched just over a month ago, but it has already gained a strong following and is widely traded on various exchanges.

The whale’s interest in PEPE is indicative of the growing interest in alternative cryptocurrencies and meme coins, which are seen as having high potential for growth and returns. This latest transaction also highlights the fact that investors are willing to take significant risks in order to capitalize on these opportunities.

The PEPE token has been steadily rising in value since its launch, with a current price of $0.000002793, about 30% up in the last 24 hours. While the Pepe token is known for its unique memes, it is more of a speculative asset that has created some hype during the last few weeks.

The crypto whale’s latest purchase is expected to further drive up the price of PEPE, as well as increase interest and investment in the token. As always, investors are advised to exercise caution and conduct thorough research before investing in any cryptocurrency or digital asset.

Tags: CryptocurrencyMemecoinPEPE
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Mushu Butt

Mushu Butt

Mushu Butt is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media.In addition to being a skilled content writer, Mushu is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushu enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for Blockchainreporter.

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