PEPE Whale Transfers 4.23 Trillion Coins To Binance

A crypto whale moved about 4.23 trillion PEPE cash price $15.6 million to the Binance alternate. Although the meme coin has lately seen a large value rally, might this be the beginning of a crash?

The blockchain information supplier, Lookonchian, captured the transaction of the whale. The large token motion was coming when the meme coin Pepe was to be listed on the crypto alternate Binance. 

May Large Switch Set off Value Crash?

Lookonchain believes that the whale might later determine to promote as the worth of Pepe Coin tickles to the north within the crypto market. Such a transfer might carry traders on a look ahead to any doable change within the value of the meme coin.

The crypto whale bought the cash at a median value of $0.0000002535 per token. The information supplier famous that the whale bought the tokens with 422 ETH and 200K USDC. 

In accordance with the present crypto market costs, the whale will revenue considerably whereas promoting off the tokens.

Binance Itemizing Boosts PEPE Value

Prior to now, the world’s largest crypto alternate Binance introduced it could checklist Pepe (PEPE) and Floki Inu (FLOKI) within the progressive zone. In accordance with the announcement, customers of the alternate will get zero charges on the spot buying and selling of the meme cash True USD (TUSD) pairing.

Subsequently, the worth of PEPE skyrocketed. In accordance with information from CoinMarketCap, the worth motion for PEPE reveals a surge of over 830% up to now seven days. 

On the time of writing, the meme coin is buying and selling at round $0.000002953, indicating a rise of greater than 43% over the previous 24 hours. It’s at present ranked because the forty third prime crypto asset with a market cap of $1.211 billion. Its 24-hour buying and selling quantity is $2.78 billion, rising 291%.

Pepe Coin is without doubt one of the trending meme cash within the crypto trade. Its AI-powered expertise enhances its functionalities and technology of distinctive memes. The crypto asset is drawing extra consideration from many traders and merchants. 

PEPE’s market capitalization surpassed $1 billion after being listed on Binance on Might 5.

-Featured picture from The Block and Chart from Tradingview.com