Ethereum Whale Quietly Accumulates Over $1,000,000 Worth of Shiba Inu (SHIB) Competitor: On-Chain Data

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An Ethereum (ETH) whale has gathered greater than $1 million price of the Shiba Inu (SHIB) memecoin competitor Pepe (PEPE) previously month, based on the blockchain tracker Lookonchain.

Lookonchain notes that the pseudonymous dealer OSF spent 141 ETH price $261,000 to purchase 173 billion PEPE earlier this week.

Since June 14th, the whale has spent a complete of 536 ETH price almost $1.04 million to purchase 613 billion PEPE.

Pepe is buying and selling round $0.00000149 at time of writing and is down 0.4% previously 24 hours. The risky frog-themed memecoin is up 66.8% previously month however down 65% from its all-time excessive of $0.00000431, which it hit on Might fifth, just a few weeks after launching in mid-April.

Lookonchain additionally speculates that it’s doable a few establishments could also be shopping for up the native tokens of the decentralized finance (DeFi) stablecoin lending undertaking Curve (CRV).

The blockchain tracker notes that 4 new wallets have withdrawn a complete of 10.2M CRV price $8.12 million from prime crypto alternate Binance previously seven days. The 4 wallets solely maintain CRV.

CRV is buying and selling for $0.785 at time of writing. The Sixty fifth-ranked crypto asset by market cap is down 0.75% previously 24 hours however up greater than 1% previously week.

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