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Day: 10 | Time: 17:01:23 The popular blockchain tracker Whale Alert has detected a cryptocurrency transaction of meme coin PEPE worth $83,250,000. The coins were transferred from the Bybit exchange platform. This coincided with a significant increase in the price of PEPE in the last 24 hours. Meanwhile, PEPE had experienced a sharp decline in the previous days, but it may now be on the verge of rising. Earlier, another anonymous user had transferred a large amount of PEPE from Binance, but it was found to be an internal transaction.


Popular blockchain tracker Whale Alert, which monitors large crypto transfers, has detected a mind-blowing cryptocurrency transaction that moved $83,250,000 worth of meme coin PEPE. The meme coins were transferred from the Bybit exchange – the fourth largest cryptocurrency trading platform by volume.

This huge transaction has coincided with an impressive PEPE price increase that has taken place in the last 24 hours.

🚨 🚨 🚨 🚨 9,000,000,000,000 #PEPE (83,250,000 USD) transferred from #Bybit to unknown wallet— Whale Alert (@whale_alert) July 9, 2024

The community went abuzz about this tremendous of PEPE changing hands unexpectedly. The PEPE community took this to be a bullish sign, as if an anonymous whale was making a purchase. However, some users suggested that this was just a transfer between two Bybit blockchain wallets – from a hot wallet to a cold storage one.

In the meantime, in the last 24 hours, PEPE has seen a major price surge, going up by almost 16%. At the time of this writing, popular meme coin PEPE is changing hands at $0.00000929.

Prior to that, PEPE plummeted by more than 18% between Saturday and Monday. Overall, from Monday to Friday, this prominent cryptocurrency asset went down by 36.44% as the PEPE price followed the massive Bitcoin decline, which happened during exactly the same period of time last week.

Between July 5 and 8, PEPE demonstrated a reversal Double Bottom pattern on the chart. If this pattern validates, PEPE might be in for a major rise or even enter an upward trend.

As reported by U.Today, on July 2, an anonymous whale transferred 1,286,733,285,955 PEPE from the Binance exchange. That amount of meme coins was valued at approximately $14,745,963. However, that mammoth transfer proved to be an internal Binance transaction.