A sizable move was recently made to Binance by a major Pepe Wealth Holder, with a whopping 4.23 trillion Pepe tokens, valued at around $15.6 million, being transferred. This comes right on the heels of the cryptocurrency's listing on one of the world's largest exchanges. As such, the transaction has generated speculation as to what will happen to the price of Pepe: whether it has the potential to suffer from a crash, or whether it is poised to continue appreciating.

As per data from CoinGecko, the meme-inspired token has witnessed an incredible 104.8% increase in its value on Friday, bringing it to a market capitalization of over 1.4 billion. Taking its ranking into account, it is no surprise that it has captured the attention of investors and traders.

The Whale responsible for the Pepe transaction was able to purchase them at a cost of $0.0000002535 apiece, which means that if all of them were be sold at their current rates, there could be an expected gain of approximately $14.5 million. This has prompted suggest by Lookonchain that they may be sold off once trading begins, which may result in a shift in the current price.

The same Whale was also seen making a move on TURBO with the acquisition of 755 million, which at their current value, amounts to roughly $605,000 with 432,000 USDC. It remains to be seen whether Pepe cryptocurrency will see any further growth over coming days, or if the expected sale will cause it to plunge in value.



Other News from Today