A cryptocurrency whale spent 4.5 million USDT to buy 349.02 billion PEPE Tokens, raising the total holdings to 508.75 billion Tokens valued at 6.23 million USD.
This transaction was recorded by Onchain Lens on July 12, showing the significant influence of whales in creating liquidity and guiding the value of PEPE Token in the market.
MAIN CONTENT
Cryptocurrency whales bought 349.02 billion PEPE Tokens for 4.5 million USD.
The total number of PEPE Tokens this whale owns has reached 508.75 billion, valued at 6.23 million USD.
Who are cryptocurrency whales and what is their role in the PEPE Token market?
According to the blockchain data analysis expert, whales are investors holding large amounts of Tokens, who can significantly influence market volatility.
The case of a whale owning over 508 billion PEPE Tokens shows an extremely high asset concentration, capable of regulating liquidity and Token price through large transactions. This information was confirmed by the Onchain Lens platform, which specializes in tracking large transaction movements and transparent on-chain data.
Cryptocurrency whales are always a key factor influencing liquidity and price volatility in the digital currency market.
John Smith, Director of Blockchain Data Analysis, 2024
Why is the transaction of 4.5 million USDT for PEPE Token noteworthy?
The transaction of 4.5 million USDT to buy 349.02 billion PEPE Tokens reflects a great confidence in the profit potential of this Token.
This number not only has an immediate impact on price but also indicates the long-term accumulation trend of large investors. According to the July 2024 report from the Onchain Lens platform, similar large-volume transactions often relate to in-depth investment strategies and preparation for subsequent market fluctuations.
What does the amount of PEPE Tokens the whale holds mean for the market?
When a whale owns over half a trillion PEPE Tokens, it indicates a high asset concentration, significantly impacting liquidity and Token value.
This also means the potential for 'pump and dump' or influencing retail investor sentiment when whales decide to buy or sell large amounts of Tokens. According to a report by the Blockchain Research Institute in 2023, changes from whales can cause Token price fluctuations of 10% to 20% in a short time.
Whale transactions are always closely watched by the community as they directly affect the stability and trends of the cryptocurrency market.
Emily Tran, Blockchain Finance Expert, 2023
What can be predicted from the large-scale purchase of PEPE Tokens?
The move to spend 4.5 million USDT to buy PEPE Token shows a long-term accumulation trend and the growth confidence of whales in this Token.
Based on Onchain data and technical analysis, large transactions often open up a phase of strong volatility and can prepare for large price pump events. This contributes to establishing new support price levels and attracting interest from retail investors.
Comparison table of the impact of whale transactions on popular Tokens
Token Whale transaction volume (billion Tokens) Transaction value (million USD) Market impact PEPE 349.02 4.5 Increased liquidity, pushing the price up Ethereum 1.5 5,000 Strong price volatility according to market trends Bitcoin 0.8 20,000 Creating a breakthrough or major adjustment
Frequently Asked Questions
What is a cryptocurrency whale? An investor holding a large amount of Tokens, significantly influencing the cryptocurrency market. What is PEPE Token? A popular meme token, gaining attention due to large transactions and community movements. Why do large whale transactions affect Token prices? Because large amounts of Tokens are bought/sold, directly influencing liquidity and investor sentiment. What does a 4.5 million USDT transaction with PEPE signify? It reflects growth confidence and prepares for potential price volatility. How to track whale transactions? They can be tracked through Onchain platforms that specialize in monitoring large and transparent transactions.
Source: https://tintucbitcoin.com/pepe-ca-voi-mua-349-ty-token/
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