Wintermute Accumulates $200k PEPE – In an exciting update, Wintermute has now accumulated over 129 billion PEPE (over $200,000 USD). The leading global algorithmic trading firm is making big moves in the meme coin sector, embracing the trending PEPE token.
A popular crypto commentator and content creator Jason Cline disclosed the update on his Twitter page on May 22. According to the update, Wintermute now holds as much PEPE as APE coin. Also, he disclosed that the firm now has more investment in PEPE than in Shiba Inu (SHIB).
Jason also reported that Wintermute has been trading PEPE actively recently. It previously sold off around $227,000 worth of PEPE, only to start buying again shortly.
Wintermute now has almost as much $pepe as ape coin. They already have more $pepe than shib. Interesting. pic.twitter.com/eV7b2XM7D3
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— Jason Cline 🚀 (@Jclineshow) May 22, 2023
The effect of this purchase on the meme coin market is yet to be known, but it is a clear indication of the position and influences top firms and leading investors hold in the meme coin sector.
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Wintermute makes this strategy following PEPE’s listing on Bitfinex, a sophisticated cryptocurrency exchange and trading platform. The listing announcement was made on May 22 and it marks another breakthrough for the new and trending crypto.
Furthermore, it is worth knowing that Wintermute maintains its position atop the Bitfinex leaderboard, with nearly $143 million in trading volumes in only one week. These examples demonstrate meme coins’ ongoing trend in the cryptocurrency world.
Bitfinex is not the only exchange that listed PEPE recently, other notable platforms like Binance, OKX, Bitget, and KuCoin have also added PEPE trading pairs to their platform. The outcome of these listings on PEPE is likely to be seen very soon.
PEPE price today
According to live data from CoinGecko, the price of PEPE today is $0.00000159. PEPE is up 1.08% in the last 24 hours. What’s more, with the growing popularity of the meme coin, it is ranked at #72 on the CoinGecko chart with a live market cap of $668,424,455.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.