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%.
🤔PEPE 反弹,看来这次是来真的了?05.22 – 05.30 期间积累 2274 万美金 $PEPE 的巨鲸 / 机构过去半小时累计向 #Binance 充值 8000 亿枚 PEPE,价值 1039 万美金
他的充值价格为 $0.000012995,若全部卖出仍亏损 61 万美金(成本约 $$0.00001376)
目前该地址仍剩余 6000 亿枚代币,钱包地址… https://t.co/gSESIBWL2p pic.twitter.com/7S7Ai6asiC
— Ai 姨 (@ai_9684xtpa) June 26, 2024
Not only this transfer affected the market. Information tracked by ai_9684xtpa reveals that whales/institutions, which accumulated PEPE worth a total of $22.74 million between May 22 and May 30, transferred 800 billion PEPE (approximately $10.39 million) to Binance in the last half hour. . If all of these transfers turn into sales, there may be a loss of approximately $610,000. This may cause the price of PEPE to decrease.
🤔PEPE 反弹,看来这次是来真的了?05.22 – 05.30 期间积累 2274 万美金 $PEPE 的巨鲸 / 机构过去半小时累计向 #Binance 充值 8000 亿枚 PEPE,价值 1039 万美金
他的充值价格为 $0.000012995,若全部卖出仍亏损 61 万美金(成本约 $$0.00001376)
目前该地址仍剩余 6000 亿枚代币,钱包地址… https://t.co/gSESIBWL2p pic.twitter.com/7S7Ai6asiC
— Ai 姨 (@ai_9684xtpa) June 26, 2024
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.
#PeckShieldAlert The #Bitcoin address bc1qq0l4…738z (labeled as German Gov.?) has transferred 750 $BTC (worth ~$46M) out, including $15.4M worth of $BTC to CEXs (#Bitstamp & #Kraken) pic.twitter.com/m15HLa0kEn
— PeckShieldAlert (@PeckShieldAlert) June 26, 2024
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.
10 hours ago, 2 wallets (belong to @GSR_io) deposited totally 3.466M $ARB (~$3.92M) to #Binance.
Those are last $ARB in these 2 wallets.
Addresses:https://t.co/3P0txcWO9Chttps://t.co/BjIjlwO7wE pic.twitter.com/PfxX5V5NWR
— The Data Nerd (@OnchainDataNerd) June 26, 2024
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.