### PEPE Whale Makes Massive Transfer#

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Overview

Recently, a PEPE holder known as "Smart Whale" deposited 217 billion PEPE (worth $4.54 million) into the cryptocurrency exchange Kraken 5 hours ago. The whale is expected to make a profit of $767,000 in 17 days, representing an increase of about 20%. This is not the first time the whale has profited from PEPE. Earlier in 2024, it made a profit of approximately $11.39 million from its first PEPE transaction. Currently, the whale still holds 1.21 trillion PEPE across two wallets, worth $25.1 million, with an unrealized gain of $4.05 million.

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Analysis

Recently, a massive transfer by a PEPE whale has drawn market attention. According to Spot On Chain monitoring, the whale deposited 217 billion PEPE into Kraken 5 hours ago, worth approximately $4.54 million. It is expected that the whale will gain another $767,000 in profit within 17 days, representing a 20% increase. The whale currently holds 1.21 trillion PEPE, valued at approximately $25.1 million, with an unrealized gain of $4.05 million. Notably, the whale had already profited around $11.39 million from its first PEPE transaction in early 2024, representing a 57.1% increase. This series of actions suggests that the whale is optimistic about the future trajectory of PEPE and may continue to hold and profit in the short term.

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PEPE whale deposits massive PEPE on Kraken, expecting 20% profit in the short term

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The whale previously made $11.39 million from PEPE trading

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The whale still holds a large amount of PEPE and has potential unrealized gains

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The whale's actions may signal a short-term price increase for PEPE

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