#Whale is accumulating PEPE#
Hot Topic Overview
Overview
Recently, a whale has sold 427 billion PEPE tokens to Kraken exchange in the past 32 hours, totaling $8.45 million. This whale currently holds 1 trillion PEPE tokens, worth $18.4 million. The whale is expected to profit $13.45 million from these two transactions, with $11.4 million from the first transaction and $2.05 million from the second. Although the whale's selling activity has caused PEPE price to drop 10.4% in the past 24 hours, its massive holdings and profitability remain remarkable.
Ace Hot Topic Analysis
Analysis
Recently, a mysterious whale has been continuously selling PEPE tokens, attracting market attention. According to Spot On Chain monitoring, the whale has sold 427 billion PEPE tokens to Kraken exchange in the past 32 hours, totaling about $8.45 million. Currently, the whale account still holds 1 trillion PEPE tokens, worth about $18.4 million. It is estimated that the whale's sale operation will bring a profit of $13.45 million, of which the first transaction has already made a profit of $11.4 million, about 57% of the return, while the ongoing second transaction is expected to bring $2.05 million, about 8.3% of the return. It is worth noting that the price of PEPE tokens has dropped by 10.4% in the past 24 hours, which may be related to the whale's selling behavior. Currently, the market is widely speculating about the whale's motives, some believe that it may be cashing out for profit, while others believe that it may be manipulating the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whales are dumping PEPE and have sold over 427 billion PEPE in the past 32 hours.
Whale selling has caused PEPE price to drop by 10.4% in the past 24 hours.
Whales are expected to make a profit of $13.45 million from the sell-off.
Whale selling could have a further negative impact on PEPE's price.