#Whale dumps 549 billion PEPE#
Hot Topic Overview
Overview
Recently, a whale considered to be "smart money" made a profit of $4.92 million through PEPE swings over the past six months and withdrew 549 billion PEPE worth $8.86 million from the Kraken exchange 2 hours ago. Notably, the whale only deposited 561.8 billion tokens into the exchange yesterday, and it is unclear whether this batch of withdrawn tokens was sold or bought back. If the latter, the whale would have made a profit of nearly 10 points, about $1 million. Currently, the whale still holds $9.68 million worth of PEPE.
Ace Hot Topic Analysis
Analysis
Recently, an address believed to be a "smart money" withdrew 549 billion PEPE, worth about $8.86 million, from the Kraken exchange. This address has earned $4.92 million in profits from PEPE's price fluctuations over the past six months. Notably, the address deposited 561.8 billion PEPE into the exchange just one day before the withdrawal. It is currently unclear whether the address sold all the withdrawn PEPE or repurchased it. If the address repurchased it, it would profit about $1 million, a return rate close to 10%. Nevertheless, the address currently holds $9.68 million worth of PEPE, indicating that it remains optimistic about PEPE's future direction. This event has sparked speculation in the market about the future direction of PEPE, with some believing it could be the address buying the dip on PEPE, while others believe it could be the address cashing out.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whales may have bought the dip at PEPE's low point and sold at the high point to profit.
Whales may have bought the dip at PEPE's low point and bought more tokens to profit further.
Whale selling activity may cause short-term fluctuations in PEPE's price.
Whale trading activity may reflect expectations about PEPE's future price.