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In a significant upheaval in the world of cryptocurrency, a tremendous whale has made a brazen move by completely liquidating its assets to accumulate the memecoin PEPE. The market has been sent into a tailspin, and now a lot of fingers are pointing at PEPE, trying to understand its implications for the future of the memecoin’s market. In just six hours, the whale—address 0xf37—moved a staggering 375.353 billion PEPE tokens (about $3.73 million at the time of the purchase, and bought on Binance when PEPE was priced at $0.000009996). This single transaction represents the largest accumulation of PEPE in recent history. And here’s the kicker: The meme that is this transaction has traders and investors seriously considering what PEPE might do next. A New Player in the PEPE Game The latest whale move, while making a splash, also introduces a […]

A significant player in the Raydium (RAY) ecosystem has made a major move. They transferred 3.07 million RAY tokens worth $18.58 million to centralized exchanges Binance and Gate just five hours ago. This transaction has provoked a fair amount of community chatter. If these tokens are sold at current market rates, the whale would net a profit of $5.82 million. Seven Months of Accumulation Pays Off The source of the funding for this whale, on-chain data shows, has for the past seven months been actively accumulating RAY. In that time, the address has made a total of 14.78 million withdrawals of RAY. It has taken those withdrawals from several different exchanges. Coincidentally or not, it has done so at an average price of $4.15 per token. The value of these withdrawals is nearly unrivaled in RAY's nascent history: $61.46 million. […]