Bitcoin and O2 Altcoins Head to Stock Exchanges: Germany Is Also Involved!

The cryptocurrency market had a day full of valuable transfers and uncertainties today. Particularly heavy activity was observed in Bitcoin and PEPE coin. This mobility leads to fluctuations and uncertainty in the market.

Great activity for PEPE coin

The cryptocurrency market had a busy time today with valuable transfers. According to the data coming from blockchain tracking platforms, activity is especially noticeable in PEPE coin. A PEPE whale tracked by EmberCN transferred 1.1 trillion PEPE (approximately $14.24 million) to Binance 2 hours ago. Following this transfer, it was seen that the whale withdrew 12.10 ETH (approximately 4.1 million dollars) on the same exchange. According to Whale Alert’s data, this whale withdrew its PEPEs at an average price of 0.00001374 at the end of May. It is estimated that with today’s sale, the whale has lost approximately 10%.

Not only this transfer affected the market. Information tracked by ai_9684xtpa reveals that whales/institutions, which accumulated PEPE worth a total of $22.74 million between May 22 and May 30, transferred 800 billion PEPE (approximately $10.39 million) to Binance in the last half hour. . If all of these transfers turn into sales, there may be a loss of approximately $610,000. This may cause the price of PEPE to decrease.

Transfer Bitcoin from Germany and ARB from GSR

The activity in the cryptocurrency market was not limited to this. An address marked “German Government” by PeckShield transferred 750 Bitcoin (approximately $46 million) 20 minutes ago. Approximately $15.4 million of the transferred Bitcoins were sent to Bitstamp and Kraken exchanges. The target of this transfer is not yet known, but it appears that governments are following cryptocurrencies closely and making large-scale transfers.

Finally, according to data tracked by The Veri Nerd, two wallet addresses related to market maker GSR deposited a total of 3,466 million ARB (approximately $3.92 million) to Binance 10 hours ago. This transfer signals that GSR may increase its investments in the Arbitrum (ARB) network.

These transfers are considered as an indicator of the volatility in the cryptocurrency market. Selling pressure on PEPE coin and the actions of major players create uncertainty in the market. The German Government’s Bitcoin transfer reveals how closely cryptocurrencies are monitored by states. It is necessary to follow how these transfers are reflected in the market in the coming days.