bullish

Bank

Bitcoin

PEPE

<ul class="wp-block-list">
 <li>A dormant PEPE whale showed activity for the first time after nearly 600 days.&nbsp;</li>
 <li>PEPE has factored in a 14.18% price increase over the past week as per CMC data.</li>
</ul>
This weekend has not entered into slumber, as Bitcoin spurs into bullish runs. The cryptocurrency surged to the $102K level in the past day. This has stirred some activity in the market, and the altcoin sector has shown mixed signals toward the bullish run. Meanwhile, a particular PEPE whale has caught market attention.&nbsp;
According to LookOnChain reports, a dormant PEPE whale, a few hours ago moved all of his 2.1 trillion PEPE holdings to a new address. The whale showed activity after a dormancy period of 600 days (1.6 years). This particular individual spent 0.0135 ETH worth $27 to buy the PEPE. His current holdings are valued at approximately $52 million.&nbsp;&nbsp;
<div align="center">
 <blockquote class="twitter-tweet">
 A <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> whale that had been dormant for 600 days transferred all 2.1T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a>($52M) to a new address. This whale initially only spent 0.0135 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($27) to buy 2.1T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> and has held it until now. From $27 to $52M—an extraordinary 1,900,000x return!<a href="https://t.co/Et442zxUGk" rel="noopener noreferrer nofollow">https://t.co/Et442zxUGk</a> <a href="https://t.co/35sp0Iu46E" rel="noopener noreferrer nofollow">pic.twitter.com/35sp0Iu46E</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1867760241070514287?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 14, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
Furthermore, etherscan <a href="https://etherscan.io/address/0xcbc9fad51b83a50dbdc058704fe1355d7b13068d" target="_blank" rel="noopener noreferrer nofollow">data</a> shows that this whale’s wallet address – “0x1Ce” transferred the 2.1 trillion tokens to another anonymous wallet with the address “0xcbC”. Moreover, the PEPE price’s overall upward movement has rendered a profit percentage of approximately, 192,000,000% for the individual.&nbsp;
Meanwhile, in the past few days, the crypto market has seen a sharp increase in whale activity. WhaleAlert reports suggest several BTC whale movements, particularly with the price action of the past day. In the last 24 hours, a total of 5,086 <a href="https://thenewscrypto.com/bitcoin-atm-operator-byte-federal-data-breach-hits-58000-customers/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> tokens were moved amid different entities.&nbsp;
<h3 class="wp-block-heading" id="h-pepe-price-overview">PEPE Price Overview</h3>
In the past day, frog-based memecoin PEPE has seen a 3.20% price increase. This price cycle initiated from the $0.00002349 to current levels at $0.000024. Moreover, the cryptocurrency, at the time of writing was trading at $0.00002424 as per CMC <a href="https://coinmarketcap.com/currencies/pepe/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Zooming out, over the past week, PEPE is one of the few tokens that remained bullish despite the market crash. Its weekly chart depicts a significant 14.18% increase. At the week’s beginning, it was trading at a low of $0.00002117 before climbing upwards.&nbsp;
On the other hand, the memecoin’s monthly performance remains mildly bearish owing to the <a href="https://thenewscrypto.com/pepe-faces-crucial-resistance-amid-price-stagnation/https://thenewscrypto.com/pepe-faces-crucial-resistance-amid-price-stagnation/" target="_blank" rel="noopener noreferrer nofollow">notable dips</a> it experienced earlier. However, the recent turn of events has instigated the dormant whale activity and suggests a continuing upward trend.&nbsp;
Highlighted Crypto News Today:&nbsp;
<a href="https://thenewscrypto.com/societe-generale-revolutionizes-the-repo-market-with-bank-of-france-collaboration/" target="_blank" rel="noopener noreferrer nofollow">Societe Generale Revolutionizes the Repo Market with Bank of France Collaboration</a>

Has PEPE’s Recent Bullish Turn Propelled This Dormant Whale?

Table of Contents

TheNewsCrypto

Other articles published on Dec 14, 2024

Investors Are Flocking From TON and POL to This Multichain Gem for Its Potential 8,000% Return

Avalanche Secures $250 Million Through Key Token Sale

BTC Dominance Slides Toward 47%: Is This the Start of Altseason?

BiT Global Sues Coinbase Over Wrapped Bitcoin Delisting Drama

MicroStrategy to join Nasdaq-100 Index following Bitcoin-driven stock surge

3 Tokens Under $1 That Could Explode to a New All-Time High Like Pepe (PEPE)

Join our free newsletter for daily crypto updates!