PEPE Whale Acquires $1.19M in EIGEN and LINEA Tokens
On October 3, a major PEPE whale liquidated holdings worth $3.16 million and diversified into emerging tokens EIGEN, PUMP, and XPL, alongside significant deposits on HyperLiquid.
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Fact Check
Multiple sources from cryptocurrency news outlets (Phemex, Bitget, OKX, Gate.io) corroborate the statement. The reported values of the individual transactions for EIGEN ($1.07 million) and LINEA ($121,000) add up to the total figure of $1.19 million mentioned in the statement and headlines.
Summary
On October 3, a PEPE whale sold 314 billion PEPE for 668.35 ETH and 203,000 USDC, then spent 267.66 ETH on 697,500 EIGEN tokens. The whale deposited $1.837 million USDC into HyperLiquid, using $1.02 million to acquire 151 million PUMP and $1.09 million to purchase 1.11 million XPL.
Terms & Concepts
- PEPE: A cryptocurrency token often associated with the meme culture, widely traded on various platforms.
- Whale: A term used in cryptocurrency to describe individuals or entities holding large amounts of a specific crypto asset, capable of influencing market prices.
- HyperLiquid: A decentralized trading platform that allows users to deposit stablecoins or crypto assets and execute leveraged or spot trades.