Whale Investor Makes Huge Purchase of PEPE Tokens, Spending $529K
Summary:
A significant PEPE token holder spends 320 Ethereum ($529,000) to acquire 640 billion PEPE tokens. This purchase follows previous investments of 280 Ethereum ($507,000) and 253 Ethereum ($481,000) in June and May respectively. The average buying price for all transactions remains at $0.000001163.
After Pepe (PEPE), the frog-themed memecoin, experienced a 15% drop in value due to changes in a multisig wallet and concerns about developer manipulation, a big PEPE holder made a bold move. The holder spent 320 Ethereum (ETH) worth $529,000 to acquire a staggering 640 billion PEPE tokens. According to a post on X (formerly known as Twitter) shared by on-chain analytics platform Lookonchain, the whale purchased the PEPE tokens at an average buying price of $0.000001163. This is not the first time the whale has made such moves. On June 5, 2023, the whale used 280 Ethereum (equivalent to $507,000) to obtain 500 billion PEPE tokens. Additionally, on May 6 of this year, the whale invested 253 Ethereum (worth $481,000) to acquire 164 billion PEPE tokens. The average buying price for all these transactions remains the same at $0.000001163.
Published At
8/25/2023 1:43:04 PM
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