PEPE

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Elon Musk

<p><strong>Key Points:</strong></p>   
<ul class="wp-block-list">
  
 <li><em>A crypto whale purchased 555 billion PEPE tokens for 13.8 million DAI, with an average price of $0.000025 per token</em>.</li>   
 <li><em>Elon Musk's AI company xAI unveiled Aurora, a new feature for Grok that enables users to generate memes and artistic text on X platform</em>.</li> 
</ul>   
<h5 class="wp-block-heading"><strong>A crypto whale spent 13.8M DAI to buy 555B PEPE tokens, coinciding with Elon Musk's AI-generated PEPE meme post.</strong></h5>   
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<p>According to monitoring by <a href="https://x.com/lookonchain/status/1866396584633946272" data-type="link" data-id="https://x.com/lookonchain/status/1866396584633946272">Lookonchain</a>, in just 2 hours, nine wallets purportedly belonging to the same crypto whale reportedly spent about 13.8 million DAI to buy 555 billion PEPE tokens; the average price per token purchased was as low as $0.000025.</p>   
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2024/12/image-127-1.jpg"><img src="https://coincu.com/wp-content/uploads/2024/12/image-127-1-1024x921.jpg" alt="Coincidence? Whale Buys 555 Billion PEPE Tokens After Musk's Post" class="wp-image-296241"></a>
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  Source: Lookonchain
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<p>Interestingly, this whale activity coincided with Elon Musk posting an AI-generated image captioned "Demented nightmare fuel." The image, a surreal take on the PEPE meme, was created using text input that read, "Make a funny Pepe meme about making Pepe memes." The post fueled the fire, as Musk's tweets and posts often have a knack for sending crypto markets into a frenzy.</p>   
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   https://twitter.com/elonmusk/status/1866375414311997951 
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<h2 class="wp-block-heading" id="strong-musk-s-ai-generated-pepe-meme-coincidence-or-catalyst-strong"><strong>Musk's AI-Generated PEPE Meme: Coincidence or Catalyst?</strong></h2>   
<p>Musk's AI firm xAI recently showed off the latest updates to its AI model Grok. The new feature, code-named Aurora, brings in autoregressive image generation capabilities that allow users to create memes and artistic text directly on the X platform. </p>   
<p>The timing of the whale's massive PEPE buy and Musk's meme post has raised eyebrows among some onlookers. The question is whether those two events are somehow related to each other.</p>   
<p class="has-background" style="background-color:#222222"><strong>Quick Take<br></strong>Launched in 2023, Pepe has become one of the top 20 cryptocurrencies by market cap, competing with established tokens like Dogecoin and Shiba Inu.</p>   
<h2 class="wp-block-heading" id="strong-memes-musk-and-millions-strong"><strong>Memes, Musk, and Millions</strong></h2>   
<p>The story of PEPE cannot be told without mentioning one of the most successful traders in the token's history. <a href="https://x.com/lookonchain/status/1866375426538631665" data-type="link" data-id="https://x.com/lookonchain/status/1866375426538631665">Lookonchain reported</a> an intelligent trader invested just $3,000 to buy 4.91 trillion PEPE on April 15, 2023. Since then, he has sold 3.03 trillion PEPE in tranches and cashed out a whopping $27.5 million.</p>   
<p>Even before the latest market slump, this trader sold another 100 billion <a href="https://coincu.com/214833-early-pepe-buyer-loses-174k-in-second-deal/" data-type="link" data-id="https://coincu.com/214833-early-pepe-buyer-loses-174k-in-second-deal/">PEPE</a> when it reached an all-time high of $0.000028 and netted an additional profit of $2.8 million. After these two sales, the trader still holds 1.88 trillion PEPE, valued at around $45.66 million. With an outstanding total profit of $73 million, this investor has gained almost a mythical status in meme coins.</p>   
<p>Currently trading at $0.0000255, Pepe has recorded a 2% gain in the last 24 hours and a 25% rise over the past week, per <a href="https://coinmarketcap.com/currencies/pepe/" data-type="link" data-id="https://coinmarketcap.com/currencies/pepe/">CoinMarketCap&nbsp;data</a>.</p>   
<figure class="wp-block-image aligncenter size-large">
 <a href="https://coincu.com/wp-content/uploads/2024/12/image-127.png"><img src="https://coincu.com/wp-content/uploads/2024/12/image-127-1024x483.png" alt="Coincidence? Whale Buys 555 Billion PEPE Tokens After Musk's Post" class="wp-image-296242"></a>
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  Screenshot: CoinMarketCap
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on<a href="https://coincu.com/">&nbsp;this website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Coincidence? Whale Buys 555 Billion PEPE Tokens After Musk's Post

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