Binance News: Pepe Coin (PEPE) Surges 5% Despite Market Decline, Whales Accumulate $8.7M in Tokens

In a surprising move, Pepe Coin (PEPE) has shown resilience in the face of market adversity, with a notable 5% increase despite the overall downturn. Whale investors have played a significant role in this surge, scooping up $8.7 million worth of PEPE tokens. Here’s a closer look at the latest developments surrounding Pepe Coin.

Pepe Coin (PEPE) Jumps 5% Amid Market Drop as Whales Scoop Up $8.7M in Tokens

Pepe Coin (PEPE) increased by 5% despite the market downturn, as whales purchased $8.7 million worth of PEPE. A new wallet address withdrew 500 billion PEPE, valued at $4.3 million, from Binance. The move follows another significant withdrawal by an early buyer who secured over $7 million in profits from PEPE. PEPE increased 13% in a week, breaking above the 50-day EMA and the $0.00000852 resistance level. Open interest hit $324M, and exchange reserves declined 0.73% to 240.7T tokens.

Binance Founder CZ Introduces ’Pay to Reach’ Feature for Messages

Binance founder and former CEO Changpeng Zhao, known as CZ, has launched a new feature called ’Pay to Reach’ allowing users to send him direct messages for a guaranteed response for $125 in BNB. The initiative aims to manage the overwhelming number of messages he receives daily, streamlining communication and reducing spam. The feature was first mentioned by CZ in a Binance Square post earlier this month and was developed and launched after discussions with a developer.