2,000,000,000 Pepe is the major crypto exchange bybit as prices rise

A report released today by the popular blockchain tracker reveals a staggering meme coin transfer as trillions of Pepe have been transferred from the leading cryptocurrency trading platform BYBIT.

The deal comes as the prices of popular meme coins rose to recover recent losses. This Pepe purchase came after a long time by a major trader who had gone to Pepe with 10x leverage a few days ago.

2 trillion Pepes uncovers Bibits in price volatility

Whale Alert spreads words about 2,000,000,000 Pepe to drop your jaws and leaves the Bibit exchange to an anonymous blockchain wallet. That huge Pepe Chunk was valued at $27,887,373.

The popular coin, inspired by the Pepe the Frog meme, recently demonstrated a surge in price of 50%, erasing zeros from that price, and the whales were busy accumulating it. Apparently, an anonymous trader mentioned by the Whale Alert is one of them. As U.Today covers, 11.75 trillion Pepes have been moved over the past 24 hours.

Another recent Pepe Spike took place between May 21st and May 23rd, with memecoin adding 23%, reaching a local price peak. It then lost almost 19% within just two days, and bottomed out at $0.00001303 two days ago.

On Monday, the coin rose 12% and dived 6%. Now the price has dropped by 4.44%, and Pepe is sitting at $0.00001413 per coin. This Pepe price curve follows a price trajectory demonstrated by Bitcoin over the past few days.

According to the @lookonchain Analytics account, on May 26, trader James Wynn went to Pepe for a long time with 10x leverage with an unrealized profit of $130,000. The next day he closed Pepe and some of Bitcoin Long and suffered a loss of $4.4 million to reduce liquidation risk.

New Bitcoin Zilla absorbs $133.5 million in BTC

According to the same source, a new Bitcoin Zilla appeared on the market a few hours ago. The whale alert reported that 1,228 BTC had been transferred from an unknown wallet to an anonymous new wallet. This could indicate a commercial purchase as the whale alert in the tweet was not tagged with central exchanges.

The world’s largest code of code of this volume was worth an impressive $133,506,249 at the time of transfer.

Bitcoin has added 1.26% so far, changing hands at $109,693 per coin.