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Cryptocurrency giants once again increase their holdings of PEPE, and the market prospects are attracting much attention!

Yesterday morning, the cryptocurrency market ushered in a big news. An influential cryptocurrency giant purchased 231.6 billion PEPE tokens worth up to $2.9 million on the Kraken exchange. According to Lookonchain, a well-known blockchain data analysis platform, after this purchase, the total amount of PEPE tokens held by the giant has surged to 750.34 billion, and since mid-March this year, the total value of its PEPE holdings has soared to $83.4 million.

PEPE tokens, a meme cryptocurrency inspired by the popular cartoon frog image, has continued to attract widespread attention from the market since its birth in May last year. Many investors, including the cryptocurrency giants who made this move, have invested in it and sought investment opportunities. After a year, PEPE is still hot, and related large-scale transaction news has frequently become the focus of the market.

The recent investment move by the giant is clearly a clear signal of optimism about the future development of PEPE. This signal is particularly critical because the PEPE token has achieved significant appreciation since its launch. Market analysts generally believe that the investment behavior of the giant may indicate further room for the PEPE token to rise, especially in the context of the current bull market in the overall market.

According to Lookonchain's report on June 9, 2024, since March 16 this year, the giant has continued to purchase PEPE tokens on the Kraken exchange at an average price of $0.00001111, with a total investment of a staggering 750.34 billion, and a total investment of $83.4 million.

Despite the volatility of the cryptocurrency market, the investment strategy of the giant seems to have brought a positive expectation to the market. At present, the market price of PEPE tokens is $0.000013 per token, which is 40% lower than its historical peak, but compared with the beginning of this year, its increase has still reached an impressive 1040%.

It is worth noting that the price changes of PEPE tokens often maintain a certain degree of synchronization with Ethereum (ETH). This special linkage relationship makes PEPE a weather vane of Ethereum's market performance to some extent, which undoubtedly adds more market appeal to this meme cryptocurrency.