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.
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.