Massive PEPE Coin (PEPE) Purchase on Leading Exchange Sparks 17.4% Price Surge

• The meme cryptocurrency Pepe has seen a significant increase in activity, with a large amount being purchased on a major Turkish crypto exchange.
• Over 4 trillion Pepe coins were bought and withdrawn to an anonymous digital wallet, following a major price surge and subsequent small correction.
• The coin’s value has increased by more than 17% in the past 24 hours, with a large green candle printed on an hourly chart.

A massive purchase of Pepe coins on a Turkish crypto exchange has sparked interest in the meme cryptocurrency, as it experiences a significant price surge. This article delves into the details of the transaction and the factors contributing to Pepe’s price increase.

4 trillion Pepe leave Paribu exchange

An anonymous investor purchased a staggering 4,049,371,347,309 PEPE on the leading Turkish cryptocurrency exchange Paribu. This amount of crypto is evaluated at $31,091,073. Paribu, which has almost five million active users, has been operating since 2017 and supports more than 60 cryptocurrencies traded against Turkish lira and stablecoins.

PEPE skyrockets over 17%

Pepe’s price has seen a significant increase, with a rise of more than 17% in the past 24 hours. Despite a 4% decline following the surge, the coin printed a large green candle on an hourly chart, indicating a further increase of 5.11%. At the time of writing, PEPE is trading at $0.00000801, a 31.5% price surge since Wednesday this week. The major U.S. exchange Kraken’s addition of a PEPE-based margin pair, exposing the cryptocurrency to millions of traders, is one of the factors driving this price surge.

Conclusion

The significant purchase of Pepe coins on the Paribu exchange and the subsequent price surge highlights the growing interest in meme cryptocurrencies. As the coin continues to gain traction, investors will be keenly watching its performance and potential for future growth.