🔥🐸 Crypto Whale Makes $10.4 Million Investment in Meme Coin PEPE
A crypto whale has made a significant $10.4 million investment in the meme-inspired digital asset PEPE, amid heightened market activity, sparking discussions on the future implications for this unique cryptocurrency.
Spot On Chain, a reputable crypto analytics platform, identified a multi-signature wallet transferring 915.85 billion PEPE tokens from Binance at an initial value of approximately $7.75 million.
Subsequent transactions by the same wallet saw an accumulation of 1.238 trillion PEPE tokens, culminating in the $10.4 million investment at an average rate of $0.000008424 per token.
The whale's activities were also noted in other trades, gaining $146,000 from an INJ trade and incurring a $118,000 loss from an RNDR trade.
