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  • trillions of tokens sent to exchanges

    trillions of tokens sent to exchanges

    • At press time, PEPE was trading at $0.0000008854, down 18.06% in 24 hours.
    • The token dropped to a low of $0.0000008058 after news of trillions of token movement emerged on August 24.
    • The tokens were moved to Binance and OKX among two other major exchanges.

    On Wednesday morning, PepeCoin (PEPE) plunged after millions of dollars worth of PEPE were transferred from the team’s wallet to various crypto exchanges.

    As news of the multi-million dollar token transfers emerged on social media, the token’s market capitalization dropped by $100 million, from $444.4 million to a low of $344.7 million.

    16.045 trillion PEPE sent to four exchanges

    The PepeCoin team sent 16.045 trillion PEPE tokens worth $16.85 million to four exchanges including Binance, Bybit, KuCoin, and OKX from a multi-sig Ethereum address. Normally, a multi-sig wallet requires approval from many parties before any transactions can be done from the wallet.

    The PepeCoin team reduced the security requirements for its multi-sig wallet from five out of eight to just two out of eight signatures needed to complete a transaction after the tokens were moved to the exchanges.

    After the transfer, PepeCoin’s multi-sig Ethereum wallet address was left with 10.697 quadrillion PEPE, worth $9.61 million.

    Panic PEPE sell

    The massive transfers and a lack of clarification from PepeCoin’s official Twitter account sparked concerns about the currency and led to a panic sale, which further pilled bearish pressure on the price of PEPE.

    In most cases, whales move their tokens to crypto exchanges in readiness for selling, staking, or exchanging with more valuable tokens and crypto traders/investors are already speculating that the PepeCoin team is readying itself for any of the above.

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  • Shiba Inu | Shibarium is Gonna Burn Trillions of Tokens -ME

    Shiba Inu | Shibarium is Gonna Burn Trillions of Tokens -ME

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  • Mysterious Whales Move Trillions of SHIB as Transactions Jump 154%

    Mysterious Whales Move Trillions of SHIB as Transactions Jump 154%

    According to IntoTheBlock data, Shiba Inu whales, or large holders, got into the action as large transactions rose 154% in the last 24 hours. Large transaction surges are typically linked to increased activity from whales, who are either buying or selling and are often more than $100,000. Most Shiba Inu price moves have often coincided with a spike in large transactions.

    According to crypto data tracker WhaleAlert in two lumps, 3,377,867,790,724 SHIB worth $37,375,684 and another 3,914,263,607,418 SHIB worth $42,932,556 were moved in between wallets. Shiba Inu saw a massive spike on Oct. 27 to reach highs of $0.0000118 but has since returned to trade near $0.0000106.

    WhaleStats’ analysis of the top 100 Shiba Inu holders also reflected a 50% spike in active addresses as crypto whales interacted with billions of Shiba Inu, leading to an increase in the number of large transactions. The average SHIB balance in this category of whales rose slightly (2.45%) in the last 24 hours.

    Shiba Inu also ranked among the top 10 assets in terms of trading volume among the 2,000 biggest ETH whales.


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    Currently, the top 500 ETH whales are hodling $133,187,605 worth of SHIB. According to CoinMarketCap, Shiba Inu was trading at $0.0000106 at the time of publication, up 1.75% in the last hour and down 3.99% overall in the last 24 hours.

    Shiba Inu gains “hodlers”

    According to IntoTheBlock’s data on holder composition by time held, 40% of SHIB holders have “hodled” their tokens for more than a year, 57% have held within a year and 3% have held onto their tokens for less than a month.

    As reported previously, the percentage of long-term holders, or “hodlers,” was given at 38% on Oct. 26. The current 40% implies an increase.



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