#Whale dumps 8.86 million PEPE#
Hot Topic Overview
Overview
Recently, a whale known as a “smart money” has profited $4.92 million from PEPE swings over the past six months and withdrew 549 billion PEPE worth $8.86 million from Kraken exchange 2 hours ago. Notably, the whale only deposited 561.8 billion tokens into the exchange yesterday, and it is unclear whether they have sold all of the withdrawn tokens or bought some back. If the latter is true, the whale would have profited nearly 10%, about $1 million. Currently, the whale still holds PEPE worth $9.68 million.
Ace Hot Topic Analysis
Analysis
Recently, a whale address considered to be "smart money" withdrew 549 billion PEPE tokens worth $8.86 million from the Kraken exchange. This address has profited $4.92 million from PEPE swing trading in the past six months and deposited 561.8 billion tokens into the exchange yesterday. It is currently unclear whether the whale is selling the extracted tokens or buying back. If the whale is buying back, he will buy at a price of 0.00001613, while he previously sold at 0.0000178, meaning he will earn a profit of nearly 10%, about $1 million. Currently, the whale still holds $9.68 million worth of PEPE. This event has sparked market speculation about the future trend of PEPE. Some believe that the whale's actions may signal a further decline in PEPE prices, while others believe that the whale may be buying the dip.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whales may have bought the dip in PEPE's price and sold at the top to profit.
Whale selling could lead to a drop in PEPE's price.
Whale trading activity can affect PEPE's market trend.
Whale trading behavior may involve arbitrage, profiting by buying low and selling high.