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Altcoins & DeFi

$10 Million Crypto Whale Awakening Closes Market Gap Between Shiba Inu (SHIB) and PEPE

Image: U.Today

Large investors have woken up in the Ethereum memecoin market . Two wallets that had shown no signs of life for months synchronously transferred 2.27 trillion PEPE tokens worth $10.19 million. Their maneuvers brought traders' attention back to the network's main speculative assets — PEPE and Shiba Inu (SHIB). However, instead of the expected collapse in prices, the market responded with a sharp price jump that brought the capitalizations of the two projects right up close to each other. Capital came into motion after a long pause. The first address , which had been dormant for a year and was previously used for deposits to Coinbase, moved tokens worth $6.53 million. The second wallet broke a four-month silence with a $3.66 million transaction.

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