#Whale cashes out $8.86 million worth of PEPE#
Hot Topic Overview
Overview
Recently, a whale known as "smart money" made $4.92 million through PEPE swings over the past six months and withdrew 549 billion PEPE worth $8.86 million from Kraken exchange two hours ago. Notably, the whale had just deposited 561.8 billion tokens into the exchange yesterday, and it is unclear whether they have sold all the withdrawn tokens or bought back some. If the latter is true, the whale would have made a profit of around $1 million through buying low and selling high. Currently, the whale still holds $9.68 million worth of PEPE.
Ace Hot Topic Analysis
Analysis
Recently, a whale considered to be a "smart money" has profited $4.92 million through PEPE band operations over the past six months, and withdrew 549 billion PEPE, worth $8.86 million, from Kraken exchange 2 hours ago. It is worth noting that the whale only deposited 561.8 billion tokens into the exchange yesterday, which has sparked speculation whether he has sold all the withdrawn tokens or bought back some. If the latter is true, the whale will make a profit of nearly 10%, about $1 million, through this operation. Currently, the whale still holds $9.68 million worth of PEPE, and its wallet address is https://intel.arkm.com/explorer/address/0xBE2586F976f5899FCfc2CF6F3B9969aF18faCCc3. This incident has raised market concerns about the future trend of PEPE. Some analysts believe that the whale's cashing out behavior may signal a PEPE price correction, while others believe that the whale's repurchase behavior indicates its continued optimism about PEPE's future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale cashes out $8.86 million worth of PEPE, possibly a short-term profit-taking operation, not a complete sell-off.
The whale may have bought PEPE at a low point and sold it at a high point, earning approximately 10% profit.
The whale still holds $9.68 million worth of PEPE, indicating its optimism about the future of PEPE.
The whale's cash-out behavior may have some impact on the PEPE price, but the extent of its impact is unclear.