CryptoMediaClub
Wednesday, July 30, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

PEPE whale seizes dip opportunity, buys $529k worth of tokens

25.08.2023
A A
0
128
VIEWS
ShareShare

After the value of the frog-themed memecoin Pepe (PEPE) dropped by approximately 15% due to recent modifications in a multisig wallet and concerns about potential developer manipulation, a significant PEPE holder spent 320 Ethereum (ETH) valued at $529,000 to acquire 640 billion PEPE tokens.

According to an X (formerly known as Twitter) post shared by the on-chain analytics platform, Lookonchain. The post also revealed that the whale purchased the PEPE at an average buying price of $0.000001163.

Continuing its previous actions, the same whale made another move on Aug. 25, following its earlier transactions. On June 5, 2023, the whale used 280 Ethereum (equivalent to $507,000) to obtain 500 billion PEPE tokens. Furthermore, on May 6 of this year, the whale invested 253 Ethereum (worth $481,000) to acquire 164 billion PEPE tokens.

A whale spent 320 $ETH ($529K) to buy 640B $PEPE again 3 hrs ago.
The whale also spent 280 $ETH ($507K) to buy 500B $PEPE on June 5 and spent 253 $ETH ($481K) to buy 164B $PEPE on May 6.
The average buying price is $0.000001163.https://t.co/9zRGywTADphttps://t.co/EiUQUrHWqc pic.twitter.com/BjReDraBgv

— Lookonchain (@lookonchain) August 25, 2023

Possibly seizing the opportunity presented by PEPE's reduced price after a significant sell-off, this specific whale appears to have acted fast. The meme coin experienced a surge in selling activity, potentially prompting the whale's action. The turmoil centered around adjustments made to a multisig wallet managed by the developers.

Modifications were applied to this wallet, originally containing $10 million in PEPE value, resulting in a reduction of mandatory transaction signatures. This change, which lowered the necessity from five out of eight signatures to just two, prompted immediate suspicions.

Changes made to a project's critical financial structure naturally give rise to worries about a potential "rug pull," where developers vanish with investors' funds. Following these developments, the value of the once popular meme coin has plunged by more than 20% within the past 24 hours alone.

Related: Is the 25% drop in PEPE, SHIB and APE a sign of a deepening crypto bear market?

As of the time of publication, the trading price of PEPE has declined to $0.0000008738, just slightly above its lowest point in the 24-hour span at $0.0000008046. During the same period, the trading volume for PEPE experienced a significant surge of 276.51% compared to the previous day, reaching a remarkable total of $283.05 million.

Over the last 24 hours, the decrease in PEPE's price further contributed to its lackluster performance in the previous 30 days. As a result, the meme coin witnessed a decline of over 30% during the month.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.

Magazine: How smart people invest in dumb memecoins — 3-point plan for success

Share10Tweet6ShareSharePin2

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Does high US consumer debt benefit Bitcoin price?

Does high US consumer debt benefit Bitcoin price?

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

ChatGPT Predicts the Price of Ethereum, Cardano, and Sui by End of 2025

ChatGPT Predicts the Price of Ethereum, Cardano, and Sui by End of 2025

2 months ago
Bitcoin vs. gold: Are market cap and other comparisons actually relevant for investors?

Bitcoin vs. gold: Are market cap and other comparisons actually relevant for investors?

2 years ago
China’s DeepSeek AI Predicts the Price of XRP, Dogecoin and Cardano by the End of 2025

China’s DeepSeek AI Predicts the Price of XRP, Dogecoin and Cardano by the End of 2025

7 days ago
Bitcoin poised for ‘golden age’ in 2025 with $200k milestone projection – Bitwise

Bitcoin poised for ‘golden age’ in 2025 with $200k milestone projection – Bitwise

8 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

SharpLink Secures 438K ETH, Spending $290M in Weeklong Buying Spree

Interactive Brokers Considers Launching Its Own Stablecoin

The Future of Bitcoin BTC Income: EarnMining App Offers Stable Daily Rewards

93% of Financial Institutions Plan to Implement AI Agents in Compliance

Major Breach Study Reveals Widespread Leaks of Bank Statements, SSNs, and Crypto Keys

Global stablecoin searches hit all-time high with Washington leading traffic

Trending

ChatGPT’s 28-Indicator XRP Analysis: 95% ETF Odds Ignite Battle Over $3.11 Support Line
All news

ChatGPT’s 28-Indicator XRP Analysis: 95% ETF Odds Ignite Battle Over $3.11 Support Line

29.07.2025
0

XRP is trading at $3.09, with volume declining 13.36% to $6.66 billion. Bloomberg analysts have upgraded ETF...

StanChart predicts corporates will control 10% of Ethereum supply over time

StanChart predicts corporates will control 10% of Ethereum supply over time

29.07.2025

Billionaire Calls for Buying More Bitcoin as U.S. Debt Spirals – Best Wallet Automates the Strategy, ICO Hits $14.3M

29.07.2025
SharpLink Secures 438K ETH, Spending $290M in Weeklong Buying Spree

SharpLink Secures 438K ETH, Spending $290M in Weeklong Buying Spree

29.07.2025
Interactive Brokers Considers Launching Its Own Stablecoin

Interactive Brokers Considers Launching Its Own Stablecoin

29.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz