Is PEPE Price Set to Rise As Pepe Coin Receives Huobi Support

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Last Updated on April 26, 2023 by Bitfinsider

The Huobi cryptocurrency exchange has given PEPE, the most recent meme coin to become popular, its full support. Huobi Global recently announced that it would launch PEPE/USDT permanent Futures on April 26, 2023. On April 18, 2023, the cryptocurrency exchange listed the popular meme coin.

Pepe Coin, which had increased by more than 900% in a single day, was able to join the trend. The early investors received about 7500X profits thanks to the meme coin. The PEPE price did, however, decline after reaching its all-time high (ATH), which was $0.0000004036 on April 20, 2023. However, in the last 30 days, its price has increased by 290%. At the time of publication, Pepe is trading at an average price of 0.00000022.

Approximately 5 addresses are connected to pepecexwallet, according to LookonChain.At the launch price, eth amassed more than 8.87 trillion PEPE. The transaction cost 0.19 Ethereum, which is roughly $385. It apparently sold on DEX for a staggering $1.23 million for 7.76 trillion. They were able to profit from this transaction by about $1.23 million, or 3,200 times the value of the acquisition.

On-chain data, however, shows that a wallet address just spent close to $1 million purchasing Pepe Coin. As a result of this accumulation, the wallet ranked as the tenth-largest meme coin holder. The whale used 422 ETH, or around $871k, to purchase 3.79 trillion Pepe shares to become one of the largest holders. He further stated that between April 19 and April 22, 2023, he utilized 100K USDC to amass the meme coin at an average cost of $0.000000256.

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