Pepe Coin (PEPE) Whales Have Been Cashing Out, Causing the Price to Wobble

A big player in the world of Pepe coin has cashed out a large chunk of their holdings, causing the price of the meme coin to wobble.

A significant player in the Pepe (PEPE) coin scene has offloaded a large portion of their digital holdings, leading to a slight wobble in the meme coin’s price.

The investor, who got in early on Pepe, sold 150 billion tokens on a crypto exchange, Binance. The sale was completed at around 02:05 (GMT+0).

The post A $PEPE OG sold 150B $PEPE($1.14M) again 5 hours ago. appeared first on CoinKungFu.

According to crypto analysis platform Lookonchain, the investor initially put around $2,184 to buy 1.5 trillion Pepe tokens.

“This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage,” stated Lookonchain.

“He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x).

However, recent data from crypto analytics platform TokenInsight reveals that the price of Pepe has declined by 4.59% over the last 24 hours. At press time, the coin is changing hands at $0.00006976.

Other crypto price tracking platforms, such as CoinGecko, report an even steeper decline of 5.37% for Pepe over the 24-hour period.

The price movements come amid broader trends in the cryptocurrency market.

The total cryptocurrency market volume in 24-hour trading is $58.48 billion, compared to $64.16 billion the previous day, while the total cryptocurrency market capitalization stands at $1.15 trillion at 07:01 (GMT+0).

The post Early investor cashes out 150B Pepe tokens for $1.14M on Binance appeared first on TokenInsight.

The post A $PEPE OG sold 150B $PEPE( $1.14M) again 5 hours ago. appeared first on CoinKungFu.