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- PEPE is currently priced at $0.000001203 following a 12.70% increase.
- A whale acquired 807 billion PEPE tokens by exchanging 1 million USDC.
On Wednesday, PEPE, a deflationary memecoin, experienced a sudden increase of approximately 10.78%, as reported by CoinMarketCap, a cryptocurrency analytics platform. This rise occurred despite a recent whale offloading a significant quantity of PEPE while it was valued at $0.000001121. In total, the whale sold 2.26 trillion PEPE, amounting to $2.53 million, incurring a loss of $707,000.
A whale sold all 2.26 trillion $PEPE ($2.53M) at an average price of $0.000001121 just now, resulting in a loss of $707K.
The whale invested 1,102 $ETH ($2.01M) to acquire $BALD previously but only received 189 $ETH ($346K) back, leading to a loss of 912 $ETH ($1.67M). https://t.co/HF8aZplGXS pic.twitter.com/xtFApeQr9m— Lookonchain (@lookonchain) August 7, 2023
Conversely, the same whale has purchased BALD tokens by selling over 1,100 Ethereum (ETH) valued at $2.01 million. Notably, the current outlook for PEPE appears optimistic, with investors increasingly eager to acquire PEPE.
A whale spent 1 million $USDC to purchase 807 billion $PEPE at $0.000001239 seven hours ago after the price of $PEPE rose. https://t.co/P03KsDrzFi pic.twitter.com/0hjW6ewDjp
— Lookonchain (@lookonchain) August 9, 2023
According to reports from DeBank, another whale obtained a total of 807 billion PEPE tokens when the trading price reached $0.000001239. This transaction involved spending one million USD Coin (USDC) and incurred a gas fee of approximately 0.033 ETH.
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Current Status of PEPE
Launched in April 2023, PEPE has rapidly gained significant traction within the cryptocurrency community, alongside other well-known memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE). As per CoinMarketCap, PEPE is trading at $0.000001225, with a market capitalization of around $464.32 million over the past 24 hours.
PEPE 24H Price Chart (Source: CoinMarketCap)
The trading volume has exceeded 100% at the time of this report. Additionally, the circulating supply of PEPE is approximately 93%, equating to 391.79 trillion PEPE of its total supply. Furthermore, PEPE is recognized as the top gainer of the day among other cryptocurrencies.
Large purchases of PEPE are being made, and it is not surprising to observe yet another whale entering the market. Moreover, the technical indicators suggest a strong buying signal, with a green dominance indicating growth.
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Pepe (PEPE) Price Prediction 2023
