- Much of the PEPE meme coin leaves Binance and enters a new cryptocurrency wallet.
- 357 billion PEPE is grabbed by a new whale as prices increase.
- VanEck begins monitoring cryptocurrency memes.
After removing a sizable amount of meme coins from Binance, Lookonchain declares the creation of a new PEPE whale.
It happened after the popular parody cryptocurrency, PEPE, saw a roughly 7% rise earlier in the day. In addition, a big new development on the meme coin market has created a stir in the world of cryptocurrencies.
357 billion PEPE is grabbed by a new whale as prices increase.
A new cryptocurrency whale reportedly withdrew 357.34 billion PEPE following a possible purchase on Binance, according to Lookonchain. This quantity of meme coins is equal to $2.9 million in fiat money.
In addition, earlier today saw the movement of 36,432,242,150 PEPE between anonymous wallets and the astounding 121,152,428,401 PEPE from an unidentified address to a blockchain wallet maintained by the Kraken exchange.
PEPE, a well-known cryptocurrency with meme influences, increased by almost 7% today and reached the $0.00000821 mark. The price of PEPE then experienced a slight decrease, falling 4.16%. The coin is trading at $0.00000804 at the time of writing.
VanEck begins monitoring cryptocurrency memes
Major wealth fund manager VanEck, one of the largest Bitcoin ETF issuers, has stepped up its interest in the meme coin space of the cryptocurrency market. As was widely expected, VanEck unveiled a new index on Wednesday that analyzes the six largest and most popular meme currencies.
The MarketVector’s Meme Coin Index is the new index that is traded under the ticker symbol MEMECOIN. This index includes the meme cryptocurrencies DOGE, SHIB, PEPE, WIF, FLOKI, and BONK.
This momentous occasion hasn’t yet had a major effect on meme currency values. Dogecoin’s price has dropped by 3.64% in the last day. The price of Shiba Inu is still swaying sideways at $0.00002253.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
