#Whale Adds $7.14 Million to PEPE#

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Overview

Recently, an account dubbed "the whale who made $6.24 million from buying low and selling high on PEPE" has added to its PEPE holdings again, this time investing $7.14 million. Its total holdings now stand at 791.3 billion tokens, valued at approximately $14.23 million. This whale withdrew 610.6 billion tokens from Kraken between December 20, 2024, and January 3, 2025, at an average price of $0.00001732. Its current average cost basis is $0.00001769, resulting in an unrealized profit of $103,000.

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Analysis

Recently, an investor dubbed the "whale who bought low and sold high on PEPE, making $6.24 million," added another $7.14 million worth of PEPE just 12 hours ago. This latest purchase brings their total holdings to a staggering 791.3 billion PEPE tokens, worth approximately $14.23 million. This whale withdrew 610.6 billion tokens from Kraken between December 20, 2024, and January 3, 2025, at an average price of $0.00001732. Their current average cost basis is $0.00001769, resulting in a profit of $103,000. This move has caught the attention of the market, with many interpreting it as a sign of the whale's bullish sentiment towards PEPE's future. This could potentially lead to further price increases for the meme coin.

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Classic Views

Giant whales continue to accumulate PEPE, showing their optimistic outlook on the future development of the project

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The accumulation behavior of giant whales may trigger market follow-up, driving up the price of PEPE

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The accumulation behavior of giant whales may also pose risks, such as market sentiment reversal leading to price decline

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The accumulation behavior of giant whales may reflect the actual value and development potential of the PEPE project

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