{"id":81448,"date":"2024-06-15T05:17:18","date_gmt":"2024-06-15T09:17:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81448"},"modified":"2024-06-15T05:17:56","modified_gmt":"2024-06-15T09:17:56","slug":"whale-transfers-357-2-billion-pepe-to-binance-amid-price-drop","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/whale-transfers-357-2-billion-pepe-to-binance-amid-price-drop\/","title":{"rendered":"Whale Transfers 357.2 Billion PEPE to Binance Amid Price Drop"},"content":{"rendered":"\n

A whale transfers 357.2 billion PEPE coins to Binance<\/a> amid a major price drop. Examine the prospective market impact and future price predictions for PEPE.<\/p>\n\n\n\n

\"Whale<\/figure>\n\n\n\n

In a remarkable move that has captivated the cryptocurrency community, a substantial whale has transferred 357.2 billion PEPE tokens to Binance amid a substantial price dip.<\/p>\n\n\n\n

The prospective market impact and the future of PEPE have been the subject of speculation as a result of this substantial transaction.<\/p>\n\n\n\n

PEPE Market Fluctuations and Whale Activity<\/h2>\n\n\n\n

According to on-chain data, meme cryptocurrency PEPE has experienced a significant decline in the past week, with a decline of over 10%.<\/p>\n\n\n\n

A major holder with the address 0xf22\u2026a685c had to reduce their position.<\/p>\n\n\n\n

They initially withdrew\u00a0548 billion PEPE tokens <\/a>from a centralized exchange at an average price of $0.00001341, which is\u00a0around $7.35 million.<\/p>\n\n\n\n

However, in the last 16 hours, this holder has returned 357.2 billion PEPE to Binance through two transactions at a lower price of $0.00001157.<\/p>\n\n\n\n

The first transfer consisted of 170.3 billion tokens, while the subsequent transfer was 186.95 billion, resulting in a total of $4.14 million.<\/p>\n\n\n\n

\"Whale<\/figure>\n\n\n\n

If sold at the current rate, the remaining tokens would remain underwater by $320,000, resulting in a $660,000 loss.<\/p>\n\n\n\n

This action implies that the whale is strategically repositioning, potentially expecting further dips or in anticipation of new opportunities in the market.<\/p>\n\n\n\n

PEPE Market Analysis and Future Prospects<\/h2>\n\n\n\n

PEPE is currently trading at approximately $0.00001208, with a tremendous 24-hour trading volume of more than $954 million.<\/p>\n\n\n\n

However, the price has decreased by 0.35% in the past day and by a more substantial 7.08% over the past week.<\/p>\n\n\n\n

The total market cap of PEPE tokens is approximately $5.09 billion, with a circulating supply of 420 trillion tokens.<\/p>\n\n\n\n

Moreover, the token is currently fluctuating between $0.00001217 and $0.00001137.<\/p>\n\n\n\n

The open interest in PEPE futures has decreased by 8.20% and is currently valued at $79.1 million.<\/p>\n\n\n\n

\"Whale<\/figure>\n\n\n\n

Market consolidation resulted in a V-top reversal from $0.00001725, which caused a 37.2% decline to $0.0000108 and a market cap decrease to $4.54 billion, as per Coingape's analysis.<\/p>\n\n\n\n

Currently, PEPE's price\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>\u00a0is on the brink of a potential collapse from the critical $0.0000114 support level, which is also the 50-day exponential moving average and 38.2% Fibonacci retracement.<\/p>\n\n\n\n

A breach of this support could intensify the selling pressure and potentially lower the price to $0.000009.<\/p>\n\n\n\n

The Fibonacci tool identifies $0.000009 and $0.000007 as key levels that correspond to the 50% and 61.8% retracements. <\/p>\n\n\n\n

These levels are where buyers may intervene to reverse the downtrend.<\/p>\n","protected":false},"excerpt":{"rendered":"

A whale transfers 357.2 billion PEPE coins to Binance amid a major price drop. Examine the prospective market impact and future price predictions for PEPE. In a remarkable move that has captivated the cryptocurrency community, a substantial whale has transferred 357.2 billion PEPE tokens to Binance amid a substantial price dip. The prospective market impact and […]<\/p>\n","protected":false},"author":56,"featured_media":72807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[15608,2275,19936],"class_list":["post-81448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-whale","tag-pepe","tag-pepe-coin-price"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/36166.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81448"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/72807"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}