Investing.com – , the third largest meme coin, continued its bullish trend by doubling in value this month.
The impressive evolution of PEPE prices over the last month has allowed the majority of its owners to make profits. According to data from IntoTheBlock, more than 96% of PEPE holders turned profitable after the last month's rise. PEPE increased its value by 115% this month and also set a new record at $0.000017256.
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Profit sales in PEPE
The PEPE, which reached its record level earlier this week, began to fall with selling accelerating during the rest of the week. PEPE, which fell to $0.00001388 in the first half of the day, recovered slightly with reaction buying from the lower region after losing more than 20% of its value from its peak. PEPE, which has suffered daily losses of up to 3%, is currently trading at $0.0000145.
The crypto whale transferred almost a billion PEPE to Binance
Blockchain monitoring platform Lookonchain reported in its post on X that a significant amount of PEPE was transferred from an anonymous crypto wallet to Binance. Following this transfer, PEPE suffered losses of over 10% before recovering today.
The major cryptocurrency investor reportedly sold his PEPE assets for approximately $9 million and made a 52% profit on the transaction, close to $5 million. The analysis platform that monitors the wallet account reported that the investor obtained this profit in less than a month.
On the other hand, in today's bearish momentum, PEPE and other high-cap meme coins were seen among the top 100 losing altcoins. Among these assets, PEPE recovered quickly, while maintaining its place in the ranking as the assets that fell the most today, with losses close to 10%.
