Whale Alert: 357.3 Billion PEPE Snatched Amid Meme Coin Surge; VanEck Meme Index Takes Flight
A colossal PEPE whale surfaces, withdrawing 357.34 billion coins post Binance purchase amidst a meme coin market boom. VanEck launches MEMECOIN index tracking top meme cryptos. Despite this, DOGE and SHIB prices show minor fluctuations.
A seismic shift rocks the meme coin market as a colossal PEPE whale emerges, seizing 357.34 billion coins following a significant Binance transaction. This substantial acquisition coincides with PEPE 7% surge, marking a pivotal moment in meme coin dynamics.
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@lookonchain, a prominent analytics account, unveils this whale move, shedding light on the evolving landscape of meme cryptocurrencies. Meanwhile, PEPE market witnessed a flurry of activity, with a staggering 36,432,242,150 coins exchanging hands between anonymous wallets, alongside a hefty 121,152,428,401 PEPE transfer to a Kraken-hosted blockchain wallet.
Amidst these developments, PEPE price soared to $0.00000821 before experiencing a slight dip to $0.00000804, showcasing the market volatility. However, this surge pales in comparison to VanEck bold leap into the meme coin arena.
Renowned wealth manager VanEck debuts the MarketVector Meme Coin Index (MEMECOIN), aimed at tracking the top six meme cryptocurrencies: DOGE, SHIB, PEPE, WIF, FLOKI, and BONK. This move underscores the growing mainstream recognition of meme coins, positioning them within the realm of institutional investment.
Despite VanEck foray, meme coin prices display modest fluctuations. DOGE witnesses a 3.64% decline, while SHIB maintains stability within the $0.00002253 price range. As the meme coin saga unfolds, investors eagerly anticipate the next chapter in this dynamic and unpredictable market.
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