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Cryptocurrency tracker Whale Alert has purchased a large amount of money Pepe cryptocurrency memes on major crypto exchanges in Türkiye. Several trillion Pepe have been withdrawn to anonymous digital wallets.
This massive transaction was carried out after Pepe coin showed a big price spike followed by a small correction.
4 trillion Pepe leaves the Paribu exchange
More than three hours ago, an anonymous investor bought a large amount of the popular meme coin Pepe on Turkey’s leading cryptocurrency exchange Paribu. Whales withdrew a staggering 4,049,371,347,309 PEPE. This crypto amount was evaluated at $31,091,073.
Paribu has nearly five million active users and has been operating in the market since 2017 – the year Bitcoin soared to an all-time high of $20,000. The platform provides support for more than 60 cryptocurrencies traded against Turkish lira and stablecoins.
Another large purchase of PEPE occurred on Binance earlier this week. On May 3, an anonymous whale attracted 331.3 billion PEPE into his wallet after paying $2.24 million for the meme coin piece. In the last four days, these whales have withdrawn 660.7 billion PEPE worth $4.57 million from the Binance and MEXC exchanges.
PEPE skyrockets over 17%
Pepe continues the price increase that started earlier this week. Over the past 24 hours, the prominent meme coin has risen more than 17%, surging to $0.00000174. This was followed by a decline of 4%. However, over the last hour, PEPE printed a large green candle on the hourly chart, surging by 5.11%. At press time, the coins were traded at $0.00000801.
This is a 31.5% price jump since Wednesday of this week. One of the factors driving this price spike is the main US exchange, Kraken added PEPE based margin pairsexposing cryptocurrencies to millions of traders.
PEPE appeared in April last year. Created by a team of anonymous developers, it is inspired by popular memes based on the character Pepe the Frog. Several large exchanges quickly added support for PEPE last year, and this contributed to the expansion of its popularity in the cryptocurrency market.