The leading cryptocurrency, Bitcoin, has made a tremendous rise in the last few days, exceeding $64,000.
While this rise in BTC mobilized the entire cryptocurrency market, mem tokens also made good gains.
Accordingly, the largest meme token, Dogecoin, increased by 32% in the last 24 hours and exceeded $ 0.1. Apart from DOGE, PEPE also recorded an increase of approximately 10% in the last 24 hours, and a smart whale evaluated this rise.
According to Spot on Chain's post, a smart whale took advantage of the rise in PEPE and sent the entire 1.97T PEPE (worth $6.06 million) to Binance, making a profit of $3.47 million.
Additionally, the giant whale purchased SHIB from Binsnce after the sale of PEPE. This move of the whale brought to mind the question of whether a SHIP rally is imminent.
“After PEPE reached the new ATH, smart whale (0x37d) deposited the entire 1.97T PEPE ($6.06 million) on Binance about 7 hours ago and earned $3.47 million (+135%) if he actually sold it .
Moreover, the whale bought 75.91B SHIB (worth $893 thousand) from Binance for the first time about 1 hour ago. Is there a bullish expectation for a SHIB pump soon?
PEPE is at $0.000002991 at the time of writing; SHIB continues to be traded at $0.00001396.
After $PEPE reached new ATH, smart whale 0x37d deposited all 1.97T $PEPE ($6.06M) to #Binance ~7hrs ago, making $3.47M (+135%) if truly selling.
Moreover, the whale withdrew 75.91B $SHIB ($893K) from #Binance for the first time ~1hr ago. Bullish for a $SHIB pump soon? 🤔
Follow… pic.twitter.com/dEX9SgQXrR
— Spot On Chain (@spotonchain) February 29, 2024
*This is not investment advice.
