The crypto market stirred during the weekend as Bitcoin and several altcoins showed growth, with a notable focus on the activity of the dormant PEPE whale.
Unanticipated PEPE Whale Activity
According to LookOnChain reports, a previously dormant PEPE whale transferred all 2.1 trillion of its holdings to a new address after over 600 days of inactivity. Having initially spent just $27, the current value of these assets is approximately $52 million. This extraordinary 1,900,000x return highlights growing investor interest in cryptocurrencies.
PEPE Price Overview
In the past day, PEPE saw a 3.20% price increase, rising from $0.00002349 to $0.000024. It has risen 14.18% over the week, despite a general market downturn. Although its monthly performance remains mainly bearish due to prior declines, recent events suggest ongoing upward momentum.
Global Trends and Whale Movement
There has been a noticeable increase in whale activity over the past week. WhaleAlert reports indicate several thousand bitcoins were moved in the last 24 hours. These shifts in whale behavior can significantly impact the market, often heralding important price movements.
The awakening of the PEPE crypto whale after 600 days of dormancy underscores the volatility and unpredictability of the crypto market. As new data emerges, it's clear that investors are keenly observing any whale movements, which could ultimately influence market trends in the near future.
