PEPE coins have moved significantly in the cryptocurrency market, causing price fluctuations and increasing trading activity. At the press time, the infamous meme coin is trading at $0.0000008284 with around 24% decrease in the last 24 hours. As per Lookonchain, the PEPE token development team transferred 16 trillion PEPE tokens, worth $15.08 million, to four controlled exchanges. The PEPE token price dropped 15% immediately after the large token transfer. This action reduced the PEPE team’s multi-signature wallet, which had 5/8 of the supply, to 2/8. The team wallet transferred 6.9% of its PEPE assets to controlled exchanges (CEXs), totaling 29 trillion PEPE tokens. Thus, 18.3 trillion PEPE tokens remain in the team wallet. A first buyer bought a lot of PEPE tokens in conjunction with the the PEPE team’s’s efforts. The individual exchanged 932 billion PEPE tokens for 524 ETH, earning $870,000. The changing PEPE market triggered the sale. A multi-signature wallet, possibly tied to PEPE, transferred $18 million in PEPE tokens to numerous exchanges. PEPE trading activity increased due to the increased amount of tokens placed on the market. At the same time, an independent entity sold 1.88 trillion PEPE tokens on a DEX for 1,010 Ether, worth $1.68 million. The transaction occurred three hours before documentation and contributed to PEPE price volatility. The above transactions and token transfers have caused significant PEPE token price volatility. On the day of these events, $PEPE fell 16%. Due to market volatility, some traders have capitalized on PEPE price movements. An individual allegedly made huge financial profits by buying 1.6 trillion $PEPE tokens for $5,000 from April 15 to 17. On April 21, the individual sold these tokens for $260,000, earning $255,000, or 49 times the initial investment. A different person spent $265,000 from April 22 to 25 to buy 965 billion $PEPE tokens. In August, these tokens sold for $900,000, making $636,000. The profit is around double the initial investment. The above developments demonstrate the cryptocurrency market’s instability, where large token transfers and trading can affect token valuations. Traders and investors should be cautious and informed about market movements to make informed selections in this highly unpredictable domain.

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