An unidentified Pepe whale, who had been dormant for 600 days, just moved all 2.1T PEPE ($52M) to a new address, according to blockchain analytics firm Lookonchain. From $27 to $52 million — an insane 1,900,000x return!
Pepe, the meme coin inspired by the popular internet frog meme, has seen a remarkable rise in 2024, becoming one of the best performing cryptocurrencies of the year based on returns. Year-to-date (YTD), Pepe is the second best-performing cryptocurrency among the top 100 cryptocurrencies, surging over 1,600%, following the Solana-based meme token Dogwifhat, which is up 1,400%.
However, according to data from Cryptobubbles, the Mantra (OM) governance token has outperformed all meme coins, rallying over 16,600% in 2024.
Technical analyses are often rendered useless when it comes to memecoins. However, some crypto traders are anticipating further upside for Pepe. According to Max Schwartzman, CEO of Because Bitcoin, there’s a case to be made for Pepe being the Dogecoin of this current bull run, making it “the king of this cycle.”
Pepe's Insanity Continues as Investors Move $52 Million in Pepe Tokens - The surprising rise of meme coins has continued unabated in 2024, with one crypto trader turning a $27 investment into an astonishing $52 million profit through a meme coin trade.
According to blockchain analytics firm Lookonchain, an unidentified Pepe whale, who had been lying dormant for 600 days, just moved all 2.1T PEPE ($52M) to a new address. This movement has sparked speculation among the crypto community, with some suggesting that the recipient could be a crypto exchange or another whale preparing for a large trade.
चेकआउट अधिक क्रिप्टोकरेंसी समाचार, तकनीकी विश्लेषण और प्रासंगिक जानकारी प्राप्त करेंक्रिप्टोकरेंसी की कीमतें आज, लाइव मार्केट अपडेट और चार्ट प्राप्त करेंअपने इनबॉक्स में सीधे भेजे गए दैनिक सर्वोत्तम क्रिप्टो कहानियों का चयन प्राप्त करें.
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