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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Giant Whale Invests in Pepe Coin for the First Time: Found the Price Low, Bought $3.7 Million Worth! - Coin Bulletin
A whale wallet signaled a possible rise in the market by making a large amount of PEPE purchase for the first time.
In the crypto market, the accumulation of PEPE by whales has accelerated. According to on-chain data, **"0xf37" wallet invested in PEPE for the first time, attracting 375.35 billion dolar( )3.73 million.
Spot On Chain, the on-chain analysis platform, announced a few hours ago that this large transfer took place. Such a large initial purchase in PEPE attracted investors' attention. Typically, when large investors enter an asset, the likelihood of the price moving upwards increases. It remains to be seen whether this purchase will start a new rally in PEPE.
On the other hand, it is claimed that PEPE's price movements are linked to Ethereum (ETH). In recent weeks, Ethereum's weak performance has also put pressure on PEPE. According to the latest data, PEPE has experienced a decrease of 63.6% from its all-time high. The 24-hour price range is 0.00009831 - 0.00001039 dollars, and the 7-day price range is 0.00008697 - 0.00001461 dollars.