Crypto Express

07/12 01:59

Crypto whale buys 228 billion PEPE

Despite a 30% upside momentum over the past 48 hours, whales, investors, and retail traders have shown remarkable interest and confidence in the memecoin.

Recently, blockchain-based transaction tracker Lookonchain shared a post on X (formerly Twitter) stating that a whale wallet address, 0x06b3, spent $2.68 million to purchase 227.8 billion PEPE.

This substantial purchase was recorded just ahead of Bitcoin reaching its all-time high.

Not only that, but exchanges have also recorded a notable outflow. According to CoinGlass data, over $9.80 million worth of PEPE has left exchanges over the past 48 hours.

Such an outflow of assets amid upward momentum and potential accumulation can lead to increased buying pressure and further fuel the rally.

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