- A dormant PEPE whale showed activity for the first time in almost 600 days.
- PEPE has taken into account a price increase of 14.18% over the past week according to CMC data.
This weekend has not entered a slumber as Bitcoin sparks bull runs. The cryptocurrency rose to the $102,000 level last day. This has sparked some activity in the market and the altcoin sector has shown mixed signs towards the bull run. Meanwhile, one PEPE whale in particular has caught the market’s attention.
According to LookOnChain reports, a dormant PEPE whale moved all of its 2.1 billion PEPE holdings to a new address a few hours ago. The whale showed activity after a period of inactivity of 600 days (1.6 years). This particular individual spent 0.0135 ETH worth $27 to purchase the PEPE. His current holdings are valued at approximately $52 million.
A $PEPE whale that had been dormant for 600 days transferred the 2.1 trillion $PEPE ($52 million) to a new address.
This whale initially only spent 0.0135 $ETH ($27) to buy 2.1T $PEPE and has held it until now.
From $27 to $52 million: an extraordinary 1,900,000x return!https://t.co/Et442zxUGk pic.twitter.com/35sp0Iu46E
– Lookonchain (@lookonchain) December 14, 2024
Furthermore, etherscan data shows that this whale’s wallet address, “0x1Ce”, transferred the 2.1 billion tokens to another anonymous wallet with the address “0xcbC”. Furthermore, the general upward movement of the PEPE price has generated a profit percentage of approximately 192,000,000% for the individual.
Meanwhile, in recent days, the cryptocurrency market has seen a sharp increase in whale activity. WhaleAlert reports suggest several BTC whale movements, particularly with the previous day’s price action. In the last 24 hours, a total of 5,086 Bitcoin tokens were moved between different entities.
PEPE Price Overview
In the last day, the frog-based PEPE memecoin saw a price increase of 3.20%. This price cycle started from $0.00002349 to the current levels of $0.000024. Furthermore, the cryptocurrency, at the time of writing, was trading at $0.00002424 according to CMC data.
In the last week, PEPE is one of the few tokens that remained bullish despite the market crash. Its weekly chart shows a significant increase of 14.18%. At the start of the week, it was trading as low as $0.00002117 before rising.
On the other hand, memecoin’s monthly performance remains slightly bearish due to the notable declines it experienced previously. However, the recent turn of events has instigated dormant whale activity and suggests a continued upward trend.
