Famous rapper Soulja Boy, who has not fallen from the United States magazine and is known for his investments in Cardano in the cryptocurrency market, praised the popular meme coin project PEPE, which has come to the fore recently! After the last move of the famous artist, the price of PEPE skyrocketed! Here are the details…
Famous rapper Soulja Boy known for his Cardano investments tweeted PEPE: Price is rising!
As Cryptokoin.com previously reported, the famous artist DeAndre Cortez Way, who bought Cardano (ADA) in 2021 and known as Soulja Boy, excited investors with his new Tweets on Twitter. Famous artist and entrepreneur Soulja Boy, who has mentioned some cryptocurrencies in many of his tweets before, talked about the popular meme coin of recent days, PEPE.
I done got rich off #PEPE
— Soulja Boy (Draco) (@souljaboy) May 4, 2023
While many famous investors and artists were commenting on PEPE, whose popularity is increasing day by day, the American hip-hop singer YEAT’s famous song “I Done Got Rich” by quoting “I got rich thanks to PEPE”, he mentioned PEPE and attracted the attention of many investors. As you may recall, the famous artist, who even thought of launching his own cryptocurrency Souljacoin, tweeted that it was a joke.
Whales turn to PEPE with 51 percent rise of PEPE
Some data transmitted by Lookonchain reveals that in the last few days, a whale has sold many assets in its possession to buy PEPE. The leading whale sold 20.6 WBTC, or $590,000 worth of WBTC, to buy 1.71 trillion PEPE. In addition, the whale also offered 17 billion CULTs worth approximately $90,000 to buy PEPE. On the other hand, the data also reveals that the whale sold 44,194 UNIs worth about $235,000 and 20 ETH worth $37,000.
However, Lookonchain data conveyed the trades made by the big cryptocurrency whale on Twitter as follows:
We noticed a whale exchanged almost all assets for $PEPE.
The whale exchanged 20.62 $WBTC($590K), 17B $CULT($90K), 44,194 $UNI($235K) and 19.96 $ETH($37K) for 1.72T $PEPE ($2.19M currently).
The buying price of $PEPE is ~$0.0000005533 and made a profit of ~$1.23M. pic.twitter.com/O6BOQMd1EW
— Lookonchain (@lookonchain) May 4, 2023
What is PEPE coin?
As you know, PEPE coin is based on popular internet meme Pepe The Frog. Launched in April this year, PEPE coin has been a pioneer in social media platforms while attracting the attention of many investors. The founder of the cryptocurrency project, however, remained anonymous. On the other hand, one of the factors that played a role in the recent trend of PEPE stands out as the fact that the majority of PEPE has already been disposed of and provides large profits to its investors.
Hence, PEPE momentarily outperformed popular meme coins like DOGE and SHIB. David Gokhshtein, founder of Gokhsthein Media company, tweeted about this recently, stating that he noticed a lot of transactions as people were selling their SHIB holdings to buy PEPE.
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