Wintermute Sends 62.2 Billion PEPE ($5.85 Million) to Binance, Resulting in Price Dip

IconCryptoNewsTerminal Staff08 Jul, 2024

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Wintermute Sends 62.2 Billion PEPE ($5.85 Million) to Binance, Resulting in Price Dip

PEPE, a cryptocurrency, experienced a 5% price decrease after an address allegedly belonging to market maker Wintermute sent 62.2 billion tokens (worth $5.85 million) to Binance just four hours ago. This transfer was brought to light by on-chain analyst The Data Nerd via X. Despite the dip, PEPE has still managed to climb 14.82% and is currently trading at $0.000009152, as per CoinMarketCap.