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advertisement Pepe Coin Faces Severe Dumps In One Day Approximately four months ago, the Pepe Deployer moved a substantial sum of 26.7 trillion PEPE tokens to an address marked as the PEPE GnosisSafeProxy. However, the implications of this transaction only became apparent in recent hours. Today, just a few hours ago, the PEPE GnosisSafeProxy executed another transfer, this time moving 16 trillion PEPE tokens (equivalent to approximately $16.85 million) to various Centralized Exchanges (CEXs), PeckSheild reported. Notable recipients included Kucoin, Bybit, OKX, and Binance. This move underscores a significant shift in the token’s ownership distribution. Interestingly, the token market performance did not hold steady in the wake of these developments. Its value plummeted significantly, indicating a turbulent period for Pepe coin holders. Recommended Articles Crypt...

According to crypto Analysis firm LookOnChain, a couple of whales purchased 1.56 trillion Pepe Coin tokens for a total of 1,100 ETH. The value of the purchase in dollar terms is about $2.06 million. The first whale called “yougetnothing.eth” spent 600 ETH, or $1.12 million for 874 billion tokens, while another, “0x4631,” spent 500 ETH, or $936,000, for 685 billion tokens. 2 whales bought 1.56T $PEPE with 1,100 $ETH($2.06M) today. yougetnothing.eth spent 600 $ETH($1.12M) to buy 874B $PEPE at $0.000001286 ~12 hrs ago. 0x4631 spent 500 $ETH($936K) to buy 685B $PEPE at $0.000001366 ~6 hrs ago. pic.twitter.com/DQx3biCSh2 — Lookonchain (@lookonchain) July 27, 2023 Pepe’s price, on the other hand, has jumped 6.6% in the last 24 hours, while trade volume has gone up by 49.5%, currently at $224.9 million. Moreover, according to CoinGlass, the frog-themed crypto’s open interest has risen by 3.85%, currently at $31.51 million. However, weighted open...