Recently, major $PEPE holder Flow Traders transferred 520 billion $PEPE tokens—worth approximately $4.73 million—from address 0x01c…1980e after a five-month hold.
This receiving address has shown frequent $PEPE trading activity over the past seven months, with its latest transaction occurring two weeks ago during a peak in $PEPE’s price.
Currently, the transferred tokens remain unmoved and have not been sent to any exchange, leaving their future movement uncertain.
Flow Traders 时隔五个月从中转地址 0x01c…1980e 转回了 5200 亿枚 PEPE，价值 473 万美金
该接收地址从七个月前开始频繁进行 $PEPE 交易，最近一次交易是在两周前，即 PEPE 短期币价波峰处，目前接收资金暂未转移或充值进交易所，将持续保持关注👀
钱包地址 https://t.co/qBeelKXgBb pic.twitter.com/hzflaLenwf
— Ai 姨 (@ai_9684xtpa) November 1, 2024
Meanwhile, the meme coin market felt the effects of a massive $PEPE whale’s activity. This large investor recently offloaded over 1 trillion $PEPE tokens on Binance, a sale valued at around $8.7 million. This liquidation drove $PEPE’s price down by 4% over the past 24 hours, adding to a weekly decline of 14%.
🚨 BREAKING: A massive $PEPE whale just dumped over 1 TRILLION tokens on Binance! This sale, valued at around $8.7 million, has sent the price down 4% in the last 24 hours, contributing to a weekly drop of 14%.
As the broader crypto market sees a shift, the meme coin category…
— Owl.BTC (@OwlxBTC) November 1, 2024
Memecoin $PEPE Holds Major Ground Despite Recent Volatility
As the broader crypto market undergoes shifts, the meme coin sector has been no exception, with the category’s total value dipping to $62.2 billion.
Despite recent turbulence, $PEPE holds a firm place in the top 30 cryptocurrencies, with a current market cap of $3.6 billion.
However, ongoing market conditions suggest that $PEPE may continue to experience increased volatility.
Investors are keeping a close watch on further whale movements and market signals in the meme coin space, as large trades have proven to influence token values significantly. For now, the future of $PEPE’s price remains unpredictable, with broader market pressures and substantial whale activity contributing to a potentially volatile outlook.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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