Bittime - Recently there was a massive transfer event of PEPE memecoins that has caught the attention of the global crypto community. A total of 2.6 trillion PEPE tokens, worth around $21,108,992 (Rp334.8 billion), have been moved from the KuCoin crypto exchange to anonymous wallets. This event comes amid a significant wave of crypto asset withdrawals from KuCoin, which resulted in a 20% drop in assets in the last 24 hours.
PEPE withdrawal from KuCoin
On the other hand, KuCoin, which is one of the largest crypto exchanges, is now under the spotlight of US regulators due to allegations of regulatory violations. These massive withdrawals included $938 million (Rp14,887,376,000,000) through the Ethereum Virtual Machine (EVM)-compatible network, with withdrawals on the Ethereum network alone reaching $840 million (Rp13,332,480,000,000), according to data from Nansen.
The PEPE token, which is a meme coin inspired by the internet meme Pepe the Frog, has become a hot topic of conversation among investors and market watchers.
In the past 24 hours, other crypto assets based on the Ethereum blockchain, such as Shiba Inu, have also experienced significant movements. A total of two trillion SHIB worth $62,232,000 (Rp987,394,784,000) have been moved from KuCoin to unknown wallets in a similar act.
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PEPE Price Slumps
The price of PEPE itself has decreased by 5% in the last 24 hours, to $0.000007757 (Rp123). The decline is part of a broader downward trend in crypto markets and financials in general, as investors weigh recent data and statements from Federal Reserve officials on the economic outlook.
Uncertainty over the Federal Reserve's interest rate policy has added to volatility in markets. Some policymakers have stated that there may be fewer than three expected rate cuts this year, further adding to uncertainty in markets.
PEPE, which has been consolidating since hitting a recent record high, is now down 28% from its peak reached on March 14, 2024. On Thursday 28/03/2024, the price of PEPE had decreased by 6.24% in the last 24 hours, based on data from Bittime at 13:42 WIB.
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Conclusion
These events highlight the constantly changing and often unpredictable market situation of the crypto asset market. Crypto investors and users are advised to always be aware of market changes and perform due diligence before making any investment or transaction. With the situation constantly evolving, crypto assets remain an attractive yet challenging asset.
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How to Buy Pepecoin (PEPE) on Bittime
You can buy and sell Pepecoin (PEPE) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Pepecoin (PEPE) is available on Bittime with the market pair PEPE/IDR. To be able to buy PEPE IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Pepecoin (PEPE) on Bittime.
Monitor the price chart movements of Pepecoin (PEPE), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
A Look at the Potential of Pepe (PEPE): A Meme Coin on the Rise
Whale Mastered SHIB, BABYDOGE and Meme Coins
Bitcoin Survives, Dogecoin Soars
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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