Frog-themed cryptocurrency Pepe (PEPE) witnesses a significant token transfer from Binance, raising questions about its price reaction. Find out more about this massive movement in the crypto world.
In a noteworthy development, the frog-themed cryptocurrency Pepe (PEPE) has experienced a substantial token shift. According to Whale Alert, a crypto data tracker, a staggering 6.2 trillion PEPE tokens, equivalent to $7,072,053, were recently moved from the renowned cryptocurrency exchange Binance to an undisclosed wallet.
PEPE has also made a commitment to keep its community informed about any forthcoming token burns, transfers, or utility. The cryptocurrency recently enjoyed a bullish surge, with its market capitalization doubling in a matter of days to reach $500 million. This growth comes as traders anticipate the onset of a bullish trend in the cryptocurrency market, potentially triggered by a Bitcoin (BTC) spot exchange-traded fund (ETF).
Recent data indicates that over 155,000 individual wallets now hold PEPE tokens, with connections to various token bridges, including Arbitrum and Binance Smart Chain (BSC). At the time of this report, the popular meme coin was trading at $0.000001196, reflecting a marginal 0.25% decrease in the past 24 hours.