A significant analytics account on X @lookonchain announces the birth of a new PEPE whale following his withdrawal of a sizeable quantity of meme coins from Binance.
It transpired subsequent to the well-known meme cryptocurrency, PEPE, exhibiting an around 7% increase earlier in the day. In addition, there has been a stir in the cryptocurrency world due to a significant new development on the meme coin market.
New whale grabs 357 billion PEPE as price rises
A new cryptocurrency whale reportedly withdrew 357.34 billion PEPE following a possible purchase on Binance, according to Lookonchain. This quantity of meme coins is equal to $2.9 million in fiat money.
https://x.com/lookonchain/status/1788484289551847683
In addition, earlier today saw the movement of 36,432,242,150 PEPE between anonymous wallets and the astounding 121,152,428,401 PEPE from an unidentified address to a blockchain wallet maintained by the Kraken exchange.
PEPE, a well-known cryptocurrency with meme influences, increased by about 7% today and reached the $0.00000821 mark. The price of PEPE then experienced a little decrease, falling 4.16%. The currency is trading at $0.00000804 at the time of writing.
VanEck starts tracking meme cryptocurrencies
https://x.com/DeItaone/status/1788480786410111314
One of the biggest Bitcoin ETF providers, major wealth funds manager VanEck, has increased its interest in the meme coin segment of the cryptocurrency market. VanEck introduced a new index on Wednesday that tracks the six biggest and most well-liked meme currencies, as was widely reported.
The new index is traded under the ticker code MEMECOIN and is known as the MarketVector’s Meme Coin Index. The meme cryptocurrencies DOGE, SHIB, PEPE, WIF, FLOKI, and BONK are included in this index.
The values of meme coins have not yet been significantly impacted by this important event. Over the past day, Dogecoin’s price has decreased by 3.64%. Shiba Inu’s price is still fluctuating sideways around the $0.00002253 level.
