On-chain data shows PEPE whales have moved large amounts of the meme coin worth $21 Million during the past day. Here’s where these tokens have been heading.
PEPE Whales Have Been Active On The Network Today
According to data from the cryptocurrency transaction tracker service Whale Alert, two large PEPE transactions have occurred in the space of a few hours during the past day.
🚨 1,238,332,920,144 #PEPE (10,571,648 USD) transferred from unknown wallet to #Binancehttps://t.co/DWW29se5Rb
— Whale Alert (@whale_alert) May 7, 2024
Both of these moves are of a scale that’s typically associated with the whales, humongous entities that can carry some influence in the market thanks to their ability to make such large transfers.
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Because of their position on the network, their moves can be worth watching, as they may end up reflecting on the price of the cryptocurrency.
As for how exactly the asset may be impacted by the transfers of these investors can come down to what they intended to achieve with the moves.
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