{"id":18581,"date":"2024-11-14T13:44:49","date_gmt":"2024-11-14T11:44:49","guid":{"rendered":"https:\/\/forklog.com\/en\/whales-reap-millions-from-pepe-meme-coin-surge\/"},"modified":"2024-11-14T13:44:49","modified_gmt":"2024-11-14T11:44:49","slug":"whales-reap-millions-from-pepe-meme-coin-surge","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/whales-reap-millions-from-pepe-meme-coin-surge\/","title":{"rendered":"Whales Reap Millions from PEPE Meme Coin Surge"},"content":{"rendered":"<p>On November 14, a major holder of the meme token Pepe (PEPE) transferred 500 billion coins ($11.38 million) to the Coinbase exchange. Analysts at Lookonchain noted this transaction.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">A giant whale deposited 500B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>($11.38M) into <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&#038;ref_src=twsrc%5Etfw\">#Coinbase<\/a> to take profits!<\/p>\n<p>This whale spent 1,173 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($2.04M) to buy 2T <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a> from May 6 to September 10, 2023, and currently has 1.5T <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>($36M) left.<\/p>\n<p>The total profit exceeds $45M!<a href=\"https:\/\/t.co\/a5VL68Yja8\">https:\/\/t.co\/a5VL68Yja8<\/a> <a href=\"https:\/\/t.co\/VPhEC7yiAW\">pic.twitter.com\/VPhEC7yiAW<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1856899988221227162?ref_src=twsrc%5Etfw\">November 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to their data, the trader spent a total of 1,173 ETH ($2.04 million) from May 6 to September 10, 2023, to purchase 2 trillion PEPE.\u00a0<\/p>\n<p>Currently, <a href=\"https:\/\/debank.com\/profile\/0x2daabb7d7d8114ee334d5a141a97ef181e565e69?chain=eth\">their account<\/a> holds 1.6 trillion PEPE ($36 million). The total profit has exceeded $45 million.<\/p>\n<p>Another user continues to accumulate the meme token on their exchange addresses. A few hours ago, they <a href=\"https:\/\/etherscan.io\/address\/0x160f6ef9fcdde6ff3febc7a57edbfd476a8aab5b\">withdrew<\/a> 97.39 billion PEPE ($4.8 million) from Binance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Whales continued to accumulate <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a> after <a href=\"https:\/\/twitter.com\/hashtag\/Coinbase?src=hash&#038;ref_src=twsrc%5Etfw\">#Coinbase<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/Robinhood?src=hash&#038;ref_src=twsrc%5Etfw\">#Robinhood<\/a> announced the listing of <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>.<\/p>\n<p>6 hours ago, whale &#8220;0x160f\u2026Ab5B&#8221; withdrew 197.39B <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>($4.8M) from <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a>.<a href=\"https:\/\/t.co\/DdOouBzeY5\">https:\/\/t.co\/DdOouBzeY5<\/a><a href=\"https:\/\/t.co\/jDudCti1dh\">https:\/\/t.co\/jDudCti1dh<\/a> <a href=\"https:\/\/t.co\/gh5QVglzMP\">pic.twitter.com\/gh5QVglzMP<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1856890941896028528?ref_src=twsrc%5Etfw\">November 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A third asset holder was not as fortunate. In April 2023, they spent 0.013 ETH ($26) to acquire 2.52 trillion PEPE. Currently, their value stands at $61.5 million. However, PEPE developers have blacklisted the user&#8217;s <a href=\"https:\/\/etherscan.io\/address\/0xaf2358e98683265cbd3a48509123d390ddf54534\">address<\/a>, preventing them from selling their coins.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This <a href=\"https:\/\/twitter.com\/hashtag\/MEME?src=hash&#038;ref_src=twsrc%5Etfw\">#MEME<\/a> sniper spent just 0.013 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>($26) to buy 2.52T <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>, which is now worth $61.5M!<\/p>\n<p>However, the address was blacklisted by the dev, he can&#8217;t sell these <a href=\"https:\/\/twitter.com\/search?q=%24PEPE&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$PEPE<\/a>!<\/p>\n<p>Address:<br \/>0xaf2358e98683265cbd3a48509123d390ddf54534 <a href=\"https:\/\/t.co\/36iQWPpV0g\">pic.twitter.com\/36iQWPpV0g<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1856884597348602288?ref_src=twsrc%5Etfw\">November 14, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the time of writing, the price of the meme token had surged by 80% in 24 hours, trading at $0.00002335, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\">CoinGecko<\/a>. The coin&#8217;s market capitalization is $9.8 billion.<\/p>\n<p>The surge in Pepe (PEPE) was driven by news of its listing on several crypto platforms, including Robinhood and Coinbase.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 14, a major holder of the meme token Pepe (PEPE) transferred 500 billion coins ($11.38 million) to the Coinbase exchange. Analysts at Lookonchain noted this transaction.\u00a0 A giant whale deposited 500B $PEPE($11.38M) into #Coinbase to take profits! This whale spent 1,173 $ETH($2.04M) to buy 2T $PEPE from May 6 to September 10, 2023, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,1161],"class_list":["post-18581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"74","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=18581"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/18581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/18580"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=18581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=18581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=18581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}