PEPE Whales Move $21 Million Worth Of Coins – Here Are The Destinations

On-chain data shows PEPE whales have moved large amounts of the meme coin worth $21 Million during the past day. Here’s where these tokens have been heading.

PEPE Whales Have Been Active On The Network Today

According to data from the cryptocurrency transaction tracker service Whale Alert, two large PEPE transactions have occurred in the space of a few hours during the past day. 

1,238,332,920,144 #PEPE (10,571,648 USD) transferred from unknown wallet to #Binancehttps://t.co/DWW29se5Rb

— Whale Alert (@whale_alert) May 7, 2024

Both of these moves are of a scale that’s typically associated with the whales, humongous entities that can carry some influence in the market thanks to their ability to make such large transfers.

See Also: Bitcoin ETFs Take In $217 Million For Second Consecutive Day Of Net Gains

Because of their position on the network, their moves can be worth watching, as they may end up reflecting on the price of the cryptocurrency. 

As for how exactly the asset may be impacted by the transfers of these investors can come down to what they intended to achieve with the moves.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

 

#Binance #WRITE2EARN

 

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