#Whale dumps 8.86 million PEPE#
Hot Topic Overview
Overview
A whale, considered "smart money" that made $4.92 million from the PEPE rally in the past six months, withdrew 549 billion PEPE worth $8.86 million from Kraken exchange 2 hours ago. Notably, the whale had deposited 561.8 billion tokens into the exchange yesterday, and it remains unclear whether this withdrawal is for selling or rebuying. If the whale is rebuying, it will buy at $0.00001613 and sell at $0.0000178, expecting a profit of nearly 10%, approximately $1 million. 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, the address had deposited 561.8 billion PEPE tokens into the exchange just yesterday, prompting market speculation as to whether the whale had bought low, sold high, and then bought back in. If the whale did indeed buy low and sell high, its profit would have exceeded $1 million. Currently, the whale still holds PEPE tokens worth $9.68 million. This event has raised market concern about the future trajectory of PEPE, with some analysts suggesting that the whale's sell-off may foreshadow further declines in PEPE's price, while others believe that the whale's buyback may indicate a rebound in the price.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whale selling PEPE may be for profit-taking, earning about $1 million in profit.
The whale may just be doing short-term trading, taking out some PEPE and then buying it back, continuing to hold $9.68 million worth of PEPE.
The whale's selling activity may have some impact on the price of PEPE, but the overall market performance is currently stable.
The whale's movements are worth watching, as their actions could affect market sentiment and price trends.