PEPE Coin Soars Over 53%, Whale Makes over $2 Million Profit. Wallets Are Also Up More Than 85%, Demonstrating Strong Market Interest.
PEPE has experienced a massive price surge, increasing by over 53% in the past 24 hours. This significant price increase has resulted in a wave of profit-taking by large holders, contributing to the immense growth in revenue and profit within the ecosystem.
Moreover, PEPE’s price surge has taken the lead, with an impressive 53.32% increase at the time of writing, trading at $0.000003298. Additionally, PEPE’s market cap and 24-hour trading volume have risen by 53.37% and 111.04% respectively, reaching $1.39 billion and $1.84 billion.
Whale Takes Advantage of PEPE’s Rise
This price increase has witnessed six wallets selling 1.98 trillion PEPE, valued at approximately $4.37 million, generating around $2 million in profit. This trend is likely followed by many investors who would sell if they were able to make such immense profits.
Among these transactions, one of the notable wallets had been inactive for over 650 days, withdrawing a massive amount of 1.03 trillion PEPE from Binance just before the price surge, resulting in unrealized gains of $1.34 million, a 95.3% increase in less than three days.
Increased Wallet Activity and Transactions
According to reports from analysts, the number of active wallet addresses on the PEPE network has seen a significant increase, with an 85% rise in interaction in just the past four days.
Furthermore, in the past 24 hours, activity has increased by 60%. The high level of activity is reflected in the volume of PEPE transactions over $500,000 and $1 million, contributing to the remarkable price surge of this cryptocurrency.
This demonstrates the strong market interest in this memecoin.
