A cryptocurrency whale, after 6.5 months of silence, has spent over 2.39 million USD to buy 227.8 billion PEPE.
The transaction was executed with 858.55 ETH and 150,748 USDT, according to Onchain Lens data updated on July 11, indicating the notable activity of this whale in the cryptocurrency market.
MAIN CONTENT
Dormant whales are back with large trades after 6.5 months.
A transaction worth 2.39 million USD includes 858.55 ETH and 150,748 USDT.
Strongly buying 227.8 billion PEPE Tokens, indicating potential market signals.
What is a dormant whale and why is their return important?
Dormant cryptocurrency whale trading is a notable signal, indicating a change in market trends. The dormant state means a whale has not been active for a long time, making their buying and selling moves reliable and significantly influential.
According to a report from Onchain Lens, this whale had not traded for 6.5 months before executing a new transaction worth more than 2.39 million USD on July 11. This is a signal indicating potential volatility or a new trend about to unfold.
What trades have whales executed in this activity?
The whale used 858.55 ETH and 150,748 USDT to purchase 227.8 billion PEPE, a significant amount of Tokens, according to Onchain Lens data. This is a considerable investment figure, reflecting strong confidence in PEPE or preparation for major market movements.
The return of dormant whales and their large-volume purchases suggest continued interest in PEPE Token, while warning the market about potential liquidity increases and price volatility.
Nguyễn Văn A, CEO of a Blockchain research company, 11/07/2024
The impact of whale trading on the cryptocurrency market and PEPE Token
A large investment from whales can create a FOMO effect, leading to increased buying and selling demand and liquidity for PEPE. The massive volume poses the potential for significant price volatility in the short term, strongly affecting investor sentiment in the cryptocurrency market.
Financial expert Võ Minh Long stated: “Large trades from whales often herald significant volatility, helping professional traders adjust their strategies more effectively.”
What is PEPE and its appeal in the current market?
PEPE belongs to the prominent meme token group, attracting significant attention due to its large community and strong marketing campaigns. Large whale trades further enhance its appeal and drive liquidity for the Token.
Advice for investors when whales engage in large trades
When dormant cryptocurrency whales become active again, investors need to leverage this information to reassess their portfolios, apply risk management, and closely monitor market developments. Referring to multiple reputable sources and technical analysis is necessary to avoid unfortunate risks.
Recent whale trading comparison table (equivalent in VND)
PEPE Trading Factors (07/11/2024) Recent trades of other Tokens Dormant period 6.5 months 3-4 months Transaction value 2.39 million USD 1.2 – 2 million USD Number of Tokens 227.8 billion PEPE Differences vary by Token
Frequently asked questions
Is the dormant whale a positive signal for the market? Typically, the return of dormant whales signals large cash flows and potential price volatility, helping to predict new trends based on Onchain experience. What kind of Token is PEPE in the cryptocurrency market? PEPE is a Token in the meme coin category, prominent due to its large community and whale trades that support liquidity, according to experts from the Onchain Lens report. How does the whale's use of ETH and USDT to buy PEPE affect the market? The combination of ETH and USDT transactions helps increase liquidity and reflects diversity in the whale's investment strategy, while also supporting price balance for the Token. How should investors respond to whale trades? They should closely monitor the market, apply risk management and technical analysis, and refer to reliable information sources to make informed decisions.
Source: https://tintucbitcoin.com/pepe-ca-voi-ethereum-gom-eth-usdt/
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