The giant made another move, and the prospect of PEPE caused heated discussions in the market!
Early Sunday morning, a mysterious cryptocurrency giant purchased 231.6 billion PEPE tokens worth about $2.9 million on the Kraken exchange. According to Lookonchain, this recent purchase brings the total amount of PEPE held by the giant to 750.34 billion, and the value of his holdings has climbed to $83.4 million since mid-March this year.
PEPE, the meme cryptocurrency inspired by the famous cartoon frog image, has attracted much attention since its launch in May last year. Various investors, including this giant, have flocked to the market to buy and sell transactions. A year later, the trend remains unabated, and large transactions are still frequently in the headlines.
The giant's recent investment behavior undoubtedly demonstrates his firm confidence in the future development potential of PEPE. This is particularly noteworthy because the PEPE token has achieved an impressive increase. Some analysts believe that the giant expects the PEPE token to continue to rise, which may be related to the overall bull market trend in the market.
💬 The tycoon bought another 231.6 billion PEPE (worth $2.9 million) on Kraken.
Since March 16, the tycoon has purchased a total of 750.34 billion PEPE (worth $83.4 million) on Kraken at an average price of $0.00001111.
—— Lookonchain, June 9, 2024
Despite the constant market volatility, the tycoon's latest move seems to have brought positive market expectations for the PEPE token. Currently, the PEPE token is trading at $0.000013 per coin, which is 40% lower than its all-time high, but still up a staggering 1040% from the beginning of the year.
Interestingly, the price movement of the PEPE token often keeps pace with Ethereum (ETH), making it a potential indicator of Ethereum's performance. This unique relationship adds another layer of charm to this popular meme cryptocurrency.
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