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- A cryptocurrency investor acquired approximately 613 billion PEPE.
- A quantity of ETH was utilized for the acquisition from their wallet.
The second week of July 2023 has maintained a certain percentage increase in the global cryptocurrency market capitalization. In comparison, whales have been consistently observed recently with Bitcoin and various altcoins. Currently, a significant amount of Ethereum (ETH) was liquidated to obtain Pepe Inu (PEPE) by the crypto investor known as OSF on Twitter.
We observed that @osf_rekt expended 141 $ETH ($265K) to acquire 173B $PEPE just 16 hours ago and transferred 690B $PEPE ($1.05M) to a secure multisig wallet.
He has spent a total of 536 $ETH ($1.04M) to purchase 613B $PEPE from June 14 to July 11, with an average acquisition price of $0.00000169. pic.twitter.com/jDzdf0JVvu— Lookonchain (@lookonchain) July 12, 2023
The impact of such whale acquisitions of PEPE has resulted in a price increase, with a rise of 1.65% in the overall market value. Nevertheless, the investor who accumulated a substantial amount of PEPE may hold an effective total of around 613 billion from this transaction.
Details of Purchase
According to Etherscan reports, OSF has acquired 173B PEPE in the past 24 hours. This underscores the ongoing purchasing activity by OSF, having spent 141 ETH on the latest transfer. In addition, a transaction valued at $265K in ETH was utilized.
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Moreover, a total of 536 ETH, equivalent to $1.04 million, was expended. In total, 613B PEPE was acquired during the period from June 14 to July 11, 2023. OSF purchased all tokens at a market price of $0.00000169.
At present, the circulating supply of PEPE has reached 391 trillion, which is approximately 93.13% of its total supply. Additionally, the trading volume has decreased by 28.99%, amounting to $81M. The market capitalization has increased by 1.10%. The demand and supply for this token are rising concurrently with this whale activity.
ETH vs PEPE
While PEPE was acquired through significant ETH sales, ETH is currently trading at $1889.85, whereas PEPE is priced at $0.000001534, according to CoinMarketCap. Comparatively, the ETH graph indicates a higher trend than that of the purchased PEPE.
ETH vs PEPE Price Chart (Source: CoinMarketCap)
Consequently, the investor may have additional strategies involving PEPE, suggesting that the accumulation could be significantly advantageous.
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