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357.3 billion PEPE purchased on Binance after great development of Meme coin
Yuri Molchan
Huge amount of PEPE meme coins leave Binance for new cryptocurrency wallet
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Top X analytics account @lookonchain spreads the news about a new PEPE whale being born after withdrawing a large amount of meme coins from Binance.
This comes after the popular meme cryptocurrency, PEPE, demonstrated an increase of almost 7% earlier today. Additionally, a major new development in the meme coin market has sent ripples through the crypto community.
New whale snatches 357 billion PEPE as prices rise
Lookonchain reported that a new crypto whale has withdrawn 357.34 billion PEPE after a likely purchase on Binance. This amount of meme coins comprises the equivalent of $2.9 million in fiat currency.
Additionally, earlier today, 36,432,242,150 PEPE were also exchanged between anonymous wallets, and a whopping 121,152,428,401 PEPE were transferred from an unknown address to a blockchain wallet hosted by the Kraken exchange.
Today, the popular meme-inspired cryptocurrency PEPE soared around 7% to reach the $0.00000821 level. A small drop then followed, causing the PEPE price to fall 4.16%. At the time of writing, the coin is changing hands for $0.00000804.
VanEck starts tracking meme cryptocurrencies
Leading wealth fund manager VanEck, one of the spot Bitcoin ETF issuers, has expanded its interest in the meme coin part of the cryptocurrency space. On Wednesday, it was widely reported that VanEck launched a new index to track the six largest and most popular meme coins.
The new index is called MarketVector’s Meme Coin Index and trades under the symbol MEMECOIN. This index includes the following meme cryptocurrencies – DOGE, SHIB, PEPE, WIF, FLOKI and BONK.
This major development for meme coins has not had any significant impact on their prices so far. Dogecoin is down 3.64% in the last 24 hours. Shiba Inu continues to trade sideways in the $0.00002253 price area.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and cryptography since 2017. He believes that blockchain and cryptocurrencies have the potential to transform the world in the future in many of its aspects. He has written for several crypto media outlets. Articles of his have been cited by crypto influencers like Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.