Lookonchain, a platform for on-chain analytics, has detected peculiar whale activity involving the PEPE token following a significant 17% surge in its price over the past day.
According to a tweet from Lookonchain, an enigmatic whale managed to secure a profit of nearly $650,000 by depositing a staggering amount of 3.94 trillion PEPE tokens, valued at approximately $7 million, into a wallet associated with Binance in a single transaction.
According to Etherscan, the whale in question initially obtained a substantial amount of 1.93 trillion PEPE tokens on June 27.
Subsequently, on July 5, another significant transaction occurred, leading to the acquisition of an additional 2 trillion PEPE tokens. In total, the whale amassed a staggering 3.94 trillion PEPE tokens. Interestingly, the latest development reveals that the whale has completely emptied her wallet and managed to secure profits amounting to $650,000.
Pepe’s Price Surge
The significant upward trend in the value of PEPE, a cryptocurrency featuring a frog theme, is noteworthy. Mirroring the recovery of the global cryptocurrency market, PEPE experienced an impressive surge of more than 17% within the last 24 hours.
This resurgence was largely driven by a recent legal decision that determined XRP should not be classified as a security, instilling optimism across the entire market.
PEPE Twitter Followers and Holders Increases
Furthermore, PEPE has been gaining traction on various social media platforms, attracting a substantial following of 400,000 users on Twitter.
Additionally, the meme-based cryptocurrency has achieved a notable milestone of 130,000 on-chain holders, indicating a growing community of individuals invested in the coin.
As a result of these accomplishments, Pepe has risen to become the second most popular and trending coin on CoinMarketCap, which is a prominent platform for aggregating crypto data worldwide.
As of the time of writing, Pepe is being traded at $ 0.0000018 with a 17.68% increase in the last 24 hours.