{"id":544643,"date":"2023-07-27T17:00:32","date_gmt":"2023-07-27T17:00:32","guid":{"rendered":"https:\/\/uniquehot.com\/?p=544643"},"modified":"2024-06-11T10:43:36","modified_gmt":"2024-06-11T10:43:36","slug":"pepe-whales-load-up-bags-memecoin-jumps-13","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/pepe-whales-load-up-bags-memecoin-jumps-13\/","title":{"rendered":"PEPE Whales Load Up Their Bags As Memecoin Jumps 13%"},"content":{"rendered":"

Data shows the PEPE whales have been buying the meme coin as its price has observed a sharp 13% rally during the past 24 hours.<\/p>\n

PEPE Whales Have Bought 1.56 Trillion Tokens During The Last Day<\/h2>\n

After consolidating straight for more than a month, the meme coin based on the popular internet frog avatar finally buckled a few days back and saw a sharp decline<\/a>, as did others in the sector like Bitcoin and Ethereum.<\/p>\n

The asset extended this decline in the days that followed, but the downtrend this time was much more gradual. And yesterday, the coin may have found its bottom, as it has observed a sharp surge since then.<\/p>\n

\"PEPE<\/p>\n

The asset seems to have enjoyed some sharp recovery during the past day | Source: PEPEUSD on TradingView<\/a><\/pre>\n
While the rise in the meme coin’s price has been rapid, the asset has still not fully recovered to the levels it had been at before the earlier plummet. But nonetheless, if PEPE can keep this momentum up, it’s possible that it might retest those levels soon enough.<\/p>\n
This latest rally has come as whales<\/a> have been participating in some buying activity. According to Lookonchain<\/a> on Twitter, an account that keeps track of moves being made by smart-money holders, two whales have bought sizeable portions of the meme coin using Ethereum during the past day.<\/p>\n
Related Reading: This AMD Ryzen Bug Can Compromise Your Crypto Wallet Keys<\/a><\/div>\n
The first of these humongous investors made a total purchase of around 874 billion PEPE using 600 ETH ($1.12 million), and at the time this holder made the transactions, the meme coin was floating around $0.000001286, meaning that by now, the investor would have made a profit of more than 9%.<\/p>\n
\"PEPE<\/p>\n
Looks like the investor has made some sizeable purchases during the past day | Source: @lookonchain on Twitter<\/a><\/pre>\n
As a Twitter user<\/a> in the comments has pointed out, this whale (who goes by “yougetnothing.eth”) has been quite the enthusiastic altcoin trader during the last three months.<\/p>\n
The other whale who made a large PEPE purchase today was a little late to the party, as they bought 658 billion PEPE with 500 ETH ($938,000) while the meme coin’s price was trading around $0.000001366.<\/p>\n
\"PEPE<\/p>\n
This investor bought around six hours after the previous whale | Source: @lookonchain on Twitter<\/a><\/pre>\n
This holder is also in profit, obviously, but their gains would be just around 3% at the moment, notably less than what the other whale would have managed to make.<\/p>\n
Related Reading: Bitcoin Exchange Supply Only Slips Further Despite Price Decline<\/a><\/div>\n
The latest rise in PEPE has come as the original meme coin, Dogecoin, has also been enjoying bullish winds<\/a> recently. While the former is still significantly in the red in the past week, the latter has outperformed the top assets with its 15% gains.<\/p>\n
PEPE Market Cap<\/h2>\n
The sharp 13% surge during the past day has naturally meant that the meme coin’s standing in the wider cryptocurrency market has improved. At present, PEPE is 71st on the market cap list, as its total valuation is around $552 million currently.<\/p>\n
At the time of writing, PEPE is trading around $0.000001408, up 13% in the last day.<\/p>\n
\"PEPE<\/p>\n
The token's standing amongst its peers | Source: CoinMarketCap<\/a><\/pre>\n
Featured image from iStock.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Data shows the PEPE whales have been buying the meme coin as its price has observed a sharp 13% rally during the past 24 hours. PEPE Whales Have Bought 1.56 Trillion Tokens During The Last Day After consolidating straight for more than a month, the meme coin based on the popular internet frog avatar finally buckled a few days back and saw a sharp decline, as did others in the sector like Bitcoin and Ethereum. The asset extended this decline in the days that followed, but the downtrend this time was much more gradual. And yesterday, the coin may have found its bottom, as it has observed a sharp surge since then. The asset seems to have enjoyed some sharp recovery during the past day | Source: PEPEUSD on TradingView While the rise in the meme coin’s price has been rapid, the asset has still not fully recovered to the levels it had been at before the earlier plummet. But nonetheless, if PEPE can keep this momentum up, it’s possible that it might retest those levels soon enough. This latest rally has come as whales have been participating in some buying activity. According to Lookonchain on Twitter, an account that keeps track of moves being made by smart-money holders, two whales have bought sizeable portions of the meme coin using Ethereum during the past day. Related Reading: This AMD Ryzen Bug Can Compromise Your Crypto Wallet Keys The first of these humongous investors made a total purchase of around 874 billion PEPE using 600 ETH ($1.12 million), and at the time this holder made the transactions, the meme coin was floating around $0.000001286, meaning that by now, the investor would have made a profit of more than 9%. Looks like the investor has made some sizeable purchases during the past day | Source: @lookonchain on Twitter As a Twitter user in the comments has pointed out, this whale (who goes by “yougetnothing.eth”) has been quite the enthusiastic altcoin trader during the last three months. The other whale who made a large PEPE purchase today was a little late to the party, as they bought 658 billion PEPE with 500 ETH ($938,000) while the meme coin’s price was trading around $0.000001366. This investor bought around six hours after the previous whale | Source: @lookonchain on Twitter This holder is also in profit, obviously, but their gains would be just around 3% at the moment, notably less than what the other whale would have managed to make. Related Reading: Bitcoin Exchange Supply Only Slips Further Despite Price Decline The latest rise in PEPE has come as the original meme coin, Dogecoin, has also been enjoying bullish winds recently. While the former is still significantly in the red in the past week, the latter has outperformed the top assets with its 15% gains. PEPE Market Cap The sharp 13% surge during the past day has naturally meant that the meme coin’s standing in the wider cryptocurrency market has improved. At present, PEPE is 71st on the market cap list, as its total valuation is around $552 million currently. At the time of writing, PEPE is trading around $0.000001408, up 13% in the last day. The token’s standing amongst its peers | Source: CoinMarketCap Featured image from iStock.com, chart from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":544674,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[88145,88630,88719,88190],"class_list":["post-544643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-pepe","tag-pepe-rally","tag-pepe-whales","tag-pepeusd"],"acf":[],"yoast_head":"\nPEPE Whales Load Up Their Bags As Memecoin Jumps 13%<\/title>\n<meta name=\"description\" content=\"Data shows the PEPE whales have been buying the memecoin as its price has observed a sharp 13% rally during the past 24 hours.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"PEPE Whales Load Up Their Bags As Memecoin Jumps 13%","url":"http:\/\/uniquehot.com\/news\/pepe-whales-load-up-bags-memecoin-jumps-13\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/pepe-whales-load-up-bags-memecoin-jumps-13\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/iStock-1429119108-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/iStock-1429119108-1.jpg?fit=2121%2C1414"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["pepe","pepe rally","pepe whales","pepeusd"],"dateCreated":"2023-07-27T17:00:32Z","datePublished":"2023-07-27T17:00:32Z","dateModified":"2024-06-11T10:43:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"PEPE Whales Load Up Their Bags As Memecoin Jumps 13%\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/pepe-whales-load-up-bags-memecoin-jumps-13\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/pepe-whales-load-up-bags-memecoin-jumps-13\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1429119108-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-1429119108-1.jpg?fit=2121%2C1414\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"pepe\",\"pepe rally\",\"pepe whales\",\"pepeusd\"],\"dateCreated\":\"2023-07-27T17:00:32Z\",\"datePublished\":\"2023-07-27T17:00:32Z\",\"dateModified\":\"2024-06-11T10:43:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/07\/iStock-1429119108-1.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/544643"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=544643"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/544643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/544674"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=544643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=544643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=544643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}