Coinspeaker
Whale Sells 130B PEPE, Swaps Meme Coin for EIGEN
A whale pockets holding a humongous quantity of Pepe
PEPE
$0.000020
24h volatility:
1.9%
Market cap:
$8.63 B
Vol. 24h:
$3.53 B
meme cash has swapped its holdings for EIGEN
EIGEN
$3.15
24h volatility:
13.7%
Market cap:
$590.61 M
Vol. 24h:
$264.77 M
, the native token of EigenLayer, an Ethereum restaking protocol, whereas promoting a whopping 130 billion in PEPE tokens. The switch means that crypto buyers at the moment are capitalizing on the positive factors from meme cash and investing cash in main altcoins.
As identified in a put up on social media platform X (previously Twitter) by Spot On Chain, a blockchain evaluation platform, the “tremendous PEPE whale,” during the last 3 days, offered a whopping $130.2 billion PEPE (price roughly $2.71 million) for 891 ETH
ETH
$3 503
24h volatility:
4.1%
Market cap:
$421.76 B
Vol. 24h:
$35.27 B
. The whale has 3.241 trillion PEPE (price over $64.1 million) with a $68.3 million revenue (amassing earnings price 12.6x).
On November twenty fifth, the whale offered a considerable 74.07 billion PEPE (price $1.53 million) for 448.1 ETH, as per the transaction information from Spot On Chain. The tremendous PEPE whale then used the funds to accumulate EIGEN, swapping 181.3 ETH for one more 217,348 EIGEN (price round $612,000) prior to now 2 days. The whale now holds 1.608 million EIGEN (near $4.31 million) with a revenue of $479,000.
The value of PEPE dropped 2.56% prior to now 24 hours, whereas crashing 5.21% within the final seven days. This might be the tremendous PEPE whale cashing out after vital revenue. Furthermore, prior to now month, PEPE has surged 124.34% whereas leaping 1689% since November 2023.
You will need to notice that PEPE is ranked nineteenth on CoinMarketCap and is the third-largest meme coin with a market capitalization of $8.54 billion. Moreover, PEPE was listed on Coinbase and Robinhood crypto exchanges earlier in November, which resulted within the digital asset printing a brand new all-time excessive of $0.00002524. On the time of writing, the meme coin is buying and selling at $0.00002028, down 19.77% from its ATH.
EIGEN Worth Trajectory Appears to be like Bullish
CoinMarketCap confirmed that EIGEN has surged to $3.03 after a 5.37% value surge prior to now 24 hours. The cryptocurrency has a market capitalization of $566.58 million and a quantity of $229.36 million, down 6.75% prior to now day. The altcoin has an all-time excessive of $4.53 and is at present down 33% from the identical.
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Supply: TradingView
Previously seven days, EIGEN has risen 25.78%, adopted by a 7.57% surge prior to now month. Nevertheless, the altcoin is down 18.04% since its debut in September. In the meantime, the Relative Power Index (RSI) on the EIGEN each day chart above reads a price of 55, which implies that the bulls are at present in command of the altcoin’s value motion however the gradient of the road suggests greater costs.subsequent
Whale Sells 130B PEPE, Swaps Meme Coin for EIGEN