TL:DR;
- Whales proceed to make large strikes within the cryptocurrency market, and a few preserve accumulating PEPE.
- On the similar time, others have determined to presumably half with WIF holdings and safe substantial income.
Lookonchain knowledge has repeatedly outlined the rising demand from massive buyers towards the third-largest meme coin – PEPE. The newest substantial acquisition got here hours in the past as two wallets, maybe belonging to the identical entity, spent nearly $5 million in USDC to build up over 190 billion PEPE.
This got here amid the asset’s value rally that pushed it past $0.000026 for the primary time ever on Saturday night.
Whales are shopping for $PEPE!
2 wallets (probably belonging to the identical whale) spent 4.89M $USDC to purchase 190.14B $PEPE at a mean value of $0.00002572 within the final 6 hours!
Tackle:
0xcb1f2b9562a7a4e2029db54d504dfe4b1e46b7dc
0xb721c74a0a1c97187146d1fe7df94a9d8752481d pic.twitter.com/LomPm6rg4F— Lookonchain (@lookonchain) December 8, 2024
Whales have been on a shopping for spree up to now few months, which solely accelerated after the US elections because the self-proclaimed ‘pro-crypto’ alternative – Donald Trump, secured a landslide win.
Nonetheless, one other massive investor has showcased a unique angle towards one other common meme coin, WIF. Extra Lookonchain knowledge indicated that they deposited $9.5 million price of the asset to Coinbase, maybe to dump the fortune.
In case they certainly promote the tokens, they’ll notice a web revenue of round $8.5 million as they gathered the stash almost a yr in the past.
A whale deposited 2.78M $WIF($9.5M) to #Coinbase 12 hours in the past.
This whale spent 9,300 $SOL($1.02M at the moment) to purchase 2.78M $WIF 10 months in the past, with a revenue of $8.48M!https://t.co/8eukHbOQtL pic.twitter.com/hkoJe6PoK8
— Lookonchain (@lookonchain) December 7, 2024
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