#Whale dumps 549 billion PEPE#
Hot Topic Overview
Overview
Recently, a whale considered to be “smart money” has profited $4.92 million from the PEPE band over the past six months. Just 2 hours ago, they withdrew 549 billion PEPE from Kraken exchange, worth $8.86 million. Notably, this whale had just deposited 561.8 billion tokens into the exchange yesterday. It is currently unclear whether they have sold all the withdrawn tokens or bought back a portion. If the latter, the whale could have made a profit of nearly 10 points, about $1 million, by buying low and selling high. Currently, the whale still holds $9.68 million worth of PEPE.
Ace Hot Topic Analysis
Analysis
Recently, a whale dumping 549 billion PEPE tokens has sparked market attention. It is reported that the whale has profited $4.92 million through PEPE's band over the past six months and withdrew 549 billion PEPE worth $8.86 million from Kraken exchange 2 hours ago. Notably, the whale had just deposited 561.8 billion tokens into the exchange yesterday, and it is still unclear whether it has sold all the tokens or bought back some. If the whale has bought back some tokens, it will gain nearly 10 points, about $1 million. Currently, the whale still holds $9.68 million worth of PEPE. This event has sparked market concerns about the future trend of PEPE, but some analysts believe that the whale's actions may just be a short-term operation and do not represent its long-term bearish stance on PEPE.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales may have bought the dip on PEPE at a low price and profited from swing trading.
Giant whales may have sold PEPE at a high price, profiting about $1 million.
Giant whales currently still hold PEPE worth $9.68 million and may continue to hold or take further action.
The trading behavior of giant whales may have an impact on the price of PEPE, and investors need to observe carefully.