One Pepe Coin Whale Liquidates Holdings as Another Opens $PEPE Ethereum Pool

blockchain.news:

Whale 0x9da's Significant Swap

In a notable transaction today, an early crypto buyer identified as 0x9da executed a significant swap of 452.911B $PEPE tokens for 194.31 Ethereum ($ETH) at a rate of $0.0000006961 per $PEPE, amounting to a total of $315K, according to SpotOnChain.

This move comes after the whale's initial accumulation of the $PEPE tokens from the Huobi exchange at an average rate of $0.0000002198, costing them approximately $99.55K on April 27, 2023. The recent swap resulted in an estimated profit of $216K, marking a 216% increase.

Source: Etherscan

Transaction details for the 0x9da swap are as follows:

Transaction ID (txid): 0xe69688c740916a67a417f33039d943aba1979245d758ce93b15e347ce46994ec

Address: 0x9dae76f6683d0d5a11c0ab4fb57d699ad4d78079

Whale 0x3ae's Liquidity Pool Creation

Just an few hours before the aforementioned transaction, another crypto whale, 0x3ae, established a liquidity pool. This involved a massive 5.71T $PEPE tokens, equivalent to $4.13M, and 508 Ethereum ($ETH).

Details of the 0x3ae liquidity pool creation are:

Transaction ID (txid): 0x603c844db097ba7e63c4f8027b2b9a99e894a2fe0a3dc493af10767e22dcdf23

Address: 0x3aea201a16969012955071296eC207a351EAdC9f

At the present ETH valuation, the Pepe coin stands at $0.0000007231. The exchange rate for PEPE to ETH is set at 11,240,157,480 $PEPE for every $ETH. Should Bitcoin's decline halt, the current Pepe price might offer profitability. However, if both BTC and ETH were to depreciate in the future, it would be strategic to go long on PEPE while simultaneously shorting ETH.

Pepe Coin Hits Lowest Price Today Since Binance Listing

Today, Pepe Coin (PEPE), inspired by the iconic Pepe the Frog meme, as reported by Blockchain.News, has