#Whale dumps 549 billion PEPE#
Hot Topic Overview
Overview
Recently, a whale withdrew 549 billion PEPE tokens worth $8.86 million from the Kraken exchange, attracting market attention. This whale previously profited $4.92 million from PEPE scalping and deposited 561.8 billion tokens into the exchange yesterday. It is currently unclear whether the whale will sell the withdrawn tokens or buy back, but if the latter, it means that it has earned nearly 10%, about $1 million in profit through this operation. Nevertheless, the whale currently holds $9.68 million worth of PEPE tokens, and its subsequent actions still need to be monitored.
Ace Hot Topic Analysis
Analysis
Recently, a whale address known as "Smart Money" withdrew 549 billion PEPE tokens worth $8.86 million from Kraken exchange, drawing market attention. This address previously profited $4.92 million in the past six months through PEPE scalping. Notably, the address only deposited 561.8 billion PEPE into the exchange the day before withdrawing the tokens and still holds $9.68 million worth of PEPE. This has sparked speculation that the whale might have executed a short-term trade, buying low and selling high, potentially buying back some tokens. If so, the whale would have profited nearly $1 million from this operation. However, the whale's specific intentions remain unclear, and its subsequent actions are worth watching.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales may have bought the dip on PEPE and sold at the top to make a profit.
Giant whales may have just been short-selling and haven't sold all their PEPE, still holding $9.68 million worth of PEPE.
Giant whales' selling activity may have some impact on PEPE price.
Giant whales' operations have sparked market interest and speculation on PEPE price trends.