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Home» Markets»PEPE price dives after Whale transfers trillions of tokens to Binance

PEPE price dives after Whale transfers trillions of tokens to Binance

rocketman 08 May 2023 Markets Comments Off on PEPE price dives after Whale transfers trillions of tokens to Binance 14 Views

  • PEPE traded for $0.000002328 at the time of this publication.
  • The token price has dropped by 10.93% over the past 24 hours.
  • PEPE reached its all-time highest of $0.000004354 in May 2023.

After reaching its highest point in popularity, PEPE is on the decline.  

The price of PEPE has dropped by 46.53% in just three from its all-time high of $0.000004354, which it hit after the meme token got listed on several major exchanges including OKX and Binance.

PPE Price

 

Binance received 4.23 trillion PEPE tokens

A tweet According to blockchain data provider Lookonchian a giant Whale bought 4,23 trillion tokens of PEPE with 422 $ETH. 200K $USDC. The whale then deposited every PEPE purchased on Binance.

Above transactions were done on the same day, May 5. Binance announced PEPE’s listing. The whale made a profit of $14.5 million when he deposited the PEPE token in Binance, immediately after buying the trillion tokens.

Market participants fear that the whale’s move to send meme coins to Binance is a preparation for selling tokens to recover profits prior to the token dumps. These fears have put pressure on the market, resulting in a current price decline.

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Posted by : rocketman
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