The activity in the wallet of the team of PEPE, one of the most popular meme tokens after Dogecoin (DOGE), caused the price of PEPE to drop by more than 20%.
Accordingly, the address of the PEPE team transferred approximately 16 trillion PEPE tokens (approximately $15.08 million) to 4 CEX, and also the number of signatures required to make changes to the PEPE multisig wallet was allegedly reduced from five to two.
While the price of PEPE, which was affected by this transfer and the change claim, fell, whales turned the decline into an opportunity.
At this point, Lookonchain shared that a whale is getting PEPE again.
Expanding its PEPE portfolio, whale bought 640 billion PEPE in yesterday’s declining purchase.
Whale spent 320 Ethereum (ETH) worth $529,000 to buy 640 billion PEPE.
This whale also bought PEPE in May and June.
“A whale spent 320 ETH ($529,000) 3 hours ago to buy 640 billion PEPE again.
This whale has bought PEPE before.
Accordingly, on June 5, the whale paid 280 ETH ($507,000) to purchase 500 billion PEPE; On May 6, he spent 253 ETH ($481,000) to buy 164 billion PEPE.
The average purchase price was $0.000001163.”
A whale spent 320 $ETH ($529K) to buy 640B $PEPE again 3 hrs ago.
The whale also spent 280 $ETH ($507K) to buy 500B $PEPE on June 5 and spent 253 $ETH ($481K) to buy 164B $PEPE on May 6.
The average buying price is $0.000001163.https://t.co/9zRGywTADphttps://t.co/EiUQUrHWqc pic.twitter.com/BjReDraBgv
— Lookonchain (@lookonchain) August 25, 2023
PEPE continues to trade at $0.00000088 at the time of writing.
*Not investment advice.
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Source: https://en.bitcoinsistemi.com/whales-take-action-in-pepe-whose-price-dropped-hard/