PEPE Whales are on the move: They Are Trading in the Last Hours

Data provided by cryptocurrency analysis company Lookonchain shows that a cryptocurrency whale has recently accumulated in an altcoin.

When Onchain data is examined, it is seen that a giant cryptocurrency whale has withdrawn $ 7.95 million of Ethereum and $ 2.06 million of PEPE from Kraken, the second largest cryptocurrency exchange in the USA.

When the other transactions of the whale in question are examined, it is seen that he has purchased a total of $ 18 million worth of Ethereum in the last two days and collected these ETHs at an average price of $ 3,828. At the time of writing this article, Ethereum price is trading at $ 3,916 with its last attack. The world’s second largest altcoin climbed to $3,963 today and reached the $4,000 mark.

A look at the whale’s PEPE transactions shows that it has collected $ 8.03 million in tokens since March 16 at an average price of $ 0.00001. The whale’s profit on PEPE totaled an impressive $3.17 million.

The rise in PEPE price and the rise in Ethereum price are actually quite related. With the approval of Ethereum Spot ETFs, almost all tokens in the ETH ecosystem were caught in a bullish wave, which was felt more in memecoins.

*This is not investment advice.

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