• 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• Santiment’s outflow chart indicates that the volume of tokens withdrawn from exchanges on July 5 reached nearly 3 trillion.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 Santiment’s outflow chart indicates that the volume of tokens withdrawn from exchanges that day reached nearly 3 trillion – well above its average daily withdrawal rate before this event happened..
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