Whale Deposits $4.52M PEPE on Binance Exchange 50 Minutes Ago

IconCryptoNewsTerminal Staff30 May, 2024

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Whale Deposits $4.52M PEPE on Binance Exchange 50 Minutes Ago

On-chain crypto analyst EmberCN reported via Twitter that a whale deposited $4.52 million worth of PEPE tokens on Binance exchange just 50 minutes ago. This transaction is significant because it indicates that a large investor is accumulating PEPE tokens. This could be a sign that the price of PEPE is expected to rise in the future. It is worth noting that the price of PEPE has been on a downtrend in recent weeks. However, this large deposit could be a sign that the downtrend is coming to an end. Only time will tell if the price of PEPE will continue to rise. However, this whale deposit is a sign that there is still strong interest in the token.