The cryptocurrency community is abuzz with the recent activities of significant players in the market, driving substantial movement in the meme coin segment.
How Did the Whale Profit from PEPE?
A crypto whale identified by the wallet address '0xe7d' executed a significant PEPE investment, acquiring 280.85 billion PEPE coins for $2.62 million, equivalent to 974 ETH. This increased the whale's total holdings to a staggering 1.404 trillion PEPE coins, showing a strategy that paid off handsomely.
What Triggered the Interest in WIF Coin?
Another influential whale, with a wallet starting with '4FhF5,' made headlines by withdrawing 9.48 million WIF coins valued at $7.17 million from Binance. While the whale's motives remain uncertain, such large withdrawals often suggest potential price surges.
Market Reaction to Whales' Actions
PEPE’s price saw a 15% drop to $0.000009010, but trading volume increased by 24% to $825 million. WIF’s market value declined by 12%, reaching $720 million, yet it shows potential for growth if current technical patterns persist.
These whales' actions underscore the volatility and potential profitability of the crypto market, drawing increasing attention to meme coins.
