Crypto Market News: Taking advantage of the latest memecoin craze in the cryptocurrency market, a Pepe Coin (PEPE) whale hoarded the coin in large volumes in exchange for all of its cryptocurrency holdings. He memecurrency it was released on April 18, 2023, but it really saw massive demand in the last week alone. In the last few days, various crypto exchanges listed many meme coins, of which PEPE skyrocketed in large numbers.
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Meanwhile, the crypto market slightly rebounded from recent losses after the US Federal Reserve announced a 25bp rate target along expected lines. He bitcoin price It is up more than 2% in the last 24 hours, raising hopes of a jump above the $30,000 level.
Whale exchanges all its cryptocurrencies for PEPE
On Thursday, on-chain data showed that a crypto whale exchanged almost all assets for $PEPE Coin. Interestingly, the transactions, which took place around 15 hours ago, cumulatively generated more than $1 million worth of profit.
โThe whale exchanged 20.62 $WBTC worth $590,000, 17 billion $CULT worth $90,000, 44,194 $UNI worth $235,000, and 19.96 $ETH worth $37,000 for 1.72 trillion $PEPE per value of $2.19 million currentlyโ.
lookonchain informed that $PEPE's purchase price for the whale was ~$0.0000005533 and made a profit of approximately $1.23 million.
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