Key Points:
- Whale’s buying spree continues: Previous investments include 280 $ETH ($507K) for 500B $PEPE tokens on June 5, and 253 $ETH ($481K) for 164B $PEPE tokens on May 6.
- The calculated average buying price stands at $0.000001163, revealing the investor’s calculated approach.
A prominent whale in the digital currency space has once again demonstrated their fervor for non-fungible tokens (NFTs) by purchasing a significant amount of the popular $PEPE tokens.
Just three hours ago, the whale made a jaw-dropping transaction, spending a staggering 320 $ETH, equivalent to approximately $529,000, to acquire a whopping 640 billion $PEPE tokens.
This isn’t the first time the whale has made such a substantial investment in $PEPE. On June 5, the same investor splurged 280 $ETH, amounting to $507,000, to snag 500 billion $PEPE tokens. Their interest in the tokens dates back to May 6 when they spent 253 $ETH (approximately $481,000) to purchase 164 billion $PEPE tokens.
The cumulative effect of these investments has left the crypto community in awe, particularly considering the whale’s consistency in putting their resources behind $PEPE tokens. With the current average buying price calculated at $0.000001163, it’s evident that the whale is making strategic moves to capitalize on potential future value.
$PEPE tokens are part of a growing trend of NFTs that have captured the attention of both the crypto-savvy and traditional investors. These digital collectibles, often associated with internet culture, have gained traction for their uniqueness and potential as alternative investments. The whale’s repeated forays into the $PEPE market indicate a deep belief in the tokens’ potential to appreciate in value over time.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/213524-whales-strategic-moves-pepe-with-320-eth/