#Whale dumps $8.86 million in PEPE#
Hot Topic Overview
Overview
A whale, considered a "smart money" that reportedly made $4.92 million from PEPE swings in the past six months, withdrew 549 billion PEPE tokens, worth $8.86 million, from Kraken exchange two hours ago. Notably, the whale deposited 561.8 billion tokens into the exchange yesterday. It remains unclear whether the whale has sold all the withdrawn tokens or bought back some of them. If the latter is true, the whale would have made a profit of nearly 10%, approximately $1 million, by buying low and selling high. Currently, the whale still holds $9.68 million worth of PEPE.
Ace Hot Topic Analysis
Analysis
Recently, a news about a whale dumping PEPE has attracted market attention. It is reported that a whale, considered as "smart money that has made a profit of $4.92 million from PEPE's swing trading in the past six months," withdrew 549 billion PEPE from Kraken exchange 2 hours ago, worth $8.86 million. It is worth noting that this whale just deposited 561.8 billion tokens into the exchange yesterday, which has sparked speculation about its operational purpose. Some analysts believe that the whale may be selling part of PEPE for profit, or it may be buying at a low point and selling at a high point to make a profit. Currently, the whale still holds PEPE worth $9.68 million. Its subsequent operations are worth watching. This incident also reflects that the PEPE market is still volatile, and investors need to operate cautiously and avoid blindly following the trend.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales may have bought the dip on PEPE at its low point and made about $1 million in profit.
Giant whales may only be engaged in short-term operations and will not completely sell off PEPE.
The selling behavior of giant whales may have some impact on the price of PEPE.
The trading behavior of giant whales is worth noting, as it may indicate the future price trend of PEPE.