#Whale dumps 8.86 million PEPE#
Hot Topic Overview
Overview
Recently, a whale considered "smart money" has made a profit of $4.92 million through the PEPE band over the past six months, and 2 hours ago, withdrew 549 billion PEPE worth $8.86 million from Kraken exchange. Notably, the whale had just deposited 561.8 billion PEPE into the exchange yesterday. It is unclear whether they have sold all the withdrawn PEPE or bought back some. If the latter is true, the whale would have made a profit of nearly 10 points, about $1 million, through this operation. Currently, the whale still holds PEPE worth $9.68 million.
Ace Hot Topic Analysis
Analysis
Recently, a whale address known as "Smart Money" withdrew 549 billion PEPE tokens worth $8.86 million from the Kraken exchange. Notably, this address had only deposited 561.8 billion PEPE tokens into the exchange yesterday, sparking market speculation. If the whale sold the tokens before withdrawing, it might have made a huge profit from PEPE's swing trading, as it sold at $0.0000178 and bought back at $0.00001613, gaining nearly 10% profit, approximately $1 million. Currently, the whale still holds $9.68 million worth of PEPE tokens. While it remains unclear what the whale's specific actions were, this event has undoubtedly attracted market attention and fueled speculation about the future trajectory of PEPE.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale selling PEPE may be for profit taking, as the address has made $4.92 million from PEPE swings in the past six months.
The whale's selling of PEPE may also be for buying ETH at a lower price, as the address has deposited ETH into the exchange before selling PEPE.
The whale's sale of PEPE may just be a short-term operation, as the address still holds $9.68 million worth of PEPE.
The impact of the whale's sale of PEPE on the PEPE price is still unclear, but it may have some impact on market sentiment.