The cryptocurrency market is experiencing increased volatility due to large investments in meme coins, drawing attention to the future dynamics of PEPE and WIF tokens.
328% Profit on PEPE
A significant crypto whale, identified by the wallet address “0xe7d”, executed a lucrative trade by purchasing 280.85 billion PEPE tokens for 974.642 ETH (about $2.62 million). This investor now holds 1.404 trillion PEPE, valued at around $13.2 million—a remarkable 328% return.
WIF’s Major Withdrawal from Binance
Another whale, associated with the address “4FhF5”, made headlines by withdrawing 9.48 million WIF tokens, worth $7.17 million, from Binance just 11 hours ago. This large transfer has sparked speculation about the future price action of WIF.
PEPE and WIF Price Updates
Despite significant whale activity, PEPE's price has dropped 15% in the past 24 hours, while its trading volume surged 24%, reaching $825 million. Similarly, Dogwifhat (WIF) fell 12%, bringing its market cap down to $720 million.
Whale activity highlights the significant role of large investors in shaping market dynamics. However, overall market uncertainty enhances price volatility for meme coins.
