#Whale dumps 8.86 million PEPE#
Hot Topic Overview
Overview
Recently, a whale considered to be "smart money" has made a profit of $4.92 million from PEPE's price swings over the past six months and withdrew 549 billion PEPE worth $8.86 million from Kraken exchange two hours ago. Notably, the whale only deposited 561.8 billion tokens into the exchange yesterday. It remains unclear whether they have sold all the withdrawn tokens or bought back some.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 nearly 10 points, about $1 million, from this operation. Currently, the whale still holds $9.68 million worth of PEPE.
Ace Hot Topic Analysis
Analysis
Recently, there have been reports that a whale address known as "Smart Money" has made a profit of $4.92 million from the PEPE rally over the past six months and withdrew 549 billion PEPE worth $8.86 million from the Kraken exchange 2 hours ago. However, the whale address only deposited 561.8 billion tokens into the exchange yesterday, and it is unclear whether it has already sold the withdrawn PEPE or bought it back. If the whale address bought back PEPE, it would profit nearly 10%, or about $1 million. Currently, the whale address still holds PEPE worth $9.68 million. This event has sparked market attention on the price trend of PEPE. Some analysts believe that the whale address's actions may signal fluctuations in the price of PEPE, while others believe that the whale address's actions may be just normal trading behavior and will not have a significant impact on the price of PEPE.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale dumped PEPE, likely to take profits, as the address has gained $4.92 million through PEPE's price swings over the past six months.
The whale may just be short-term trading, as it deposited a large amount of PEPE into the exchange the day before the sell-off, and still holds $9.68 million worth of PEPE.
The whale's sale of PEPE may be related to the rising price of ETH, as whales are buying the dip on ETH.
The impact of the whale's sale on PEPE's price is unclear, but it may lead to short-term price fluctuations.