• Pepe, a frog-themed cryptocurrency, has seen an impressive surge of 75% in the past week.
• A Pepe whale withdrew 2 trillion PEPE tokens from Binance worth around $3.28 million recently.
• Santiment’s outflow chart indicates that the volume of tokens withdrawn from exchanges on July 5 reached nearly 3 trillion.
Pepe Price Skyrockets by 75%
Pepe, a frog-themed cryptocurrency, has experienced an impressive surge of over 75% within the last week. This increase was mainly attributed to the prevailing market sentiment and BlackRock Capital’s recent endorsement and support for a Bitcoin ETF, resulting in a notable rise for coins like $PEPE.
Whale Withdraws 2 Trillion PEPE Tokens
Lookonchain data has revealed an intriguing discovery about an important occurrence involving a Pepe whale. This specific whale made a huge move when he withdrew an astounding 2 trillion PEPE tokens from Binance, worth roughly $3.28 million. As of the time of writing, the addresses controlled by this whale currently hold a total of 3.94 trillion PEPE tokens, estimated at $6.45 million.
Whales‘ Impact on Token Withdrawals
An extensive analysis of the PEPE transaction activity on Santiment has uncovered the significant consequences of this whale’s action on July 5th. Santiment’s outflow chart indicates that the volume of tokens withdrawn from exchanges that day reached nearly 3 trillion – well above its average daily withdrawal rate before this event happened..
Can It Turn Your $100 into Fortune?
It remains to be seen if investing in meme coins can turn your $100 investment into fortune or not! New meme coins have exploded recently, adding to the vibrant cryptocurrency market – but there are also many risks associated with investing in these projects as they can be quite volatile and difficult to predict their future price movements due to their limited history and usage .
Conclusion
Meme coins might confuse people outside their online communities but they have been gaining traction among investors lately due to their potential returns and unique characteristics compared to other digital assets in the crypto space. Despite potential risks involved with investing in such projects, it is still possible for savvy investors to make some money out of such investments if done carefully and with proper research beforehand!