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Hot Topic Overview
Overview
Recently, a “smart money” whale has made $4.92 million in profits over the past six months by riding the PEPE wave. Two hours ago, the whale withdrew 549 billion PEPE worth $8.86 million from Kraken exchange. Notably, the whale only deposited 561.8 billion tokens into the exchange yesterday. It remains unclear whether the whale has sold all the withdrawn tokens or bought back some of them. If the latter is true, the whale will make 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 address considered "smart money" withdrew 549 billion PEPE tokens worth $8.86 million from the Kraken exchange within two hours. Notably, the address deposited 561.8 billion PEPE tokens into the exchange just yesterday, sparking market speculation about whether the whale bought low, sold high, and bought back in. If the whale indeed executed such a move, they would have profited nearly 10%, approximately $1 million. Currently, the whale still holds $9.68 million worth of PEPE tokens. This event has sparked market concerns over the price movement of PEPE, with some analysts suggesting that the whale's selling could cause the price to drop. However, other analysts believe the whale's action could be a short-term move and will not have a long-term impact on PEPE's price.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales selling PEPE may just be a short-term operation, not a complete abandonment of the coin.
Giant whales may be profiting from PEPE's wave operation, buying low and selling high.
The selling behavior of giant whales may cause short-term fluctuations in PEPE's price, but will not affect its long-term development.
The trading behavior of giant whales is worth paying attention to, but investors should analyze rationally and avoid blindly following the trend.