Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»PEPE Holders Lose 3.5 Million After 700B Binance Splash
ALTCOIN NEWS

PEPE Holders Lose 3.5 Million After 700B Binance Splash

By Crypto FlexsJune 27, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
PEPE Holders Lose 3.5 Million After 700B Binance Splash
Share
Facebook Twitter LinkedIn Pinterest Email
  • Leading PEPE custodian sells 1.4T PEPE tokens in a series of Binance deposits.
  • Analysts expect further market turmoil due to the impact of the BTC sell-off.
  • PEPE Coin jumped back into the green zone this Wednesday with a relief rally of 9%.

Pepe (PEPE) has piqued the curiosity of cryptocurrency analysts today as a large holder claims to sell his holdings in a series of large transactions. Large holders, known as cryptocurrency whales, tend to influence overall sentiment by selling or buying large quantities almost immediately, mirroring price trends.

In this case, one giant PEPE whale dumped 700 billion PEPE coins into Binance, the largest cryptocurrency exchange by trading volume. First discovered by blockchain analytics platform LookOnChain, the whale deposited $7.83 million worth of PEPE into Binance in the early hours of June 25, 2024.

With losses of around $3.47 million, the whale made a massive selling move before PEPE leapt back into green territory with gains of 9.5% in the last 24 hours. Additional on-chain investigation by DailyCoin reveals that the same cryptocurrency addresses are continuing to sell massive PEPE today.

Major players bid farewell to 1.1T PEPE coins

Major PEPE holders have decided to sell most of their remaining frog-themed digital assets. Daily Coin After digging deeper into Arkham’s on-chain records, we discovered that three consecutive PEPE deposits had been made to Binance five hours ago.

The whale deposited 400 billion PEPE tokens twice and deposited 300 billion PEPE coins a third time. This results in 1.1T PEPE coins, equivalent to $14.24 million at stamp trading time. Even after depositing this huge amount of PEPE, the whale still has 300 billion PEPE worth $3.83 million in its on-chain wallet.

As cryptocurrency analysts dig deeper into the reasons behind PEPE’s massive sell-off, Mt. We believe that the combination of Gox’s asset sale, the German government’s Bitcoin (BTC) sale, and the recent dominant negative trends could potentially lead to further market turmoil. In the Bitcoin Exchange Traded Fund (ETF) market.

With Mt Gox, German coins, and ETF selling imminent, I don’t think the level and range of support will be maintained.

NVDA looks like the best in the region

The only buyers seem to be leveraged and short-term traders.

These moves typically result in billions of dollars… https://t.co/4t70LPP25b

— Andrew Kang (@Rewkang) June 24, 2024

According to CoinGecko, PEPE is trading at $0.00001266 at the time of writing. PEPE, which rebounded 9% on Wednesday, still has a lot to overcome to overcome its 25% monthly deficit.

On the flip side

  • While macroeconomic factors related to Bitcoin selling are putting certain selling pressure on altcoins, 86% of PEPE holders are currently profiting from this price range.
  • In the derivatives market, the PEPE token ranks as the fourth most traded digital asset, with a daily trading volume of $4.42 billion across 1000 PEPE and PEPE smart contracts.

Why This Matters

PEPE Coin is the most successful major cap meme coin to date, delivering a 710% return in the most recent 365-day period.

Find out the latest cryptocurrency news from DailyCoin:
Elon Musk Deepfake Scams Crypto Investors: How to Stay Safe
Trump to speak at Bitcoin 2024 after pivoting against cryptocurrencies

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025
Add A Comment

Comments are closed.

Recent Posts

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025
Most Popular

Citi-backed Talos acquires cryptocurrency risk management platform Cloudwall

April 23, 2024

BNB has had a tough week with record liquidations as price drops. What to do now?

August 7, 2024

Bitcoin depends on 100k ahead of tomorrow’s FOMC meeting.

January 29, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.