#Giant Whale Withdraws $8.86 Million in PEPE#
Hot Topic Overview
Overview
Recently, a whale considered to be "smart money" has made a profit of $4.92 million from PEPE swings over the past six months, and 2 hours ago 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 It is unclear whether the whale has sold all the withdrawn PEPE or bought back a portion. If the latter is true, the whale would have gained nearly 10 points, about $1 million. Currently, the whale still holds $9.68 million worth of PEPE.
Ace Hot Topic Analysis
Analysis
Recently, a whale address dubbed "smart money" by the outside world has withdrawn 549 billion PEPE tokens worth $8.86 million from the Kraken exchange. Notably, the address had deposited 561.8 billion PEPE tokens into the exchange just yesterday, sparking market speculation: Did the whale buy low, sell high, and buy back PEPE again? If so, the whale would have made a profit of nearly 10%, about $1 million, on this operation. Currently, the whale address still holds $9.68 million worth of PEPE tokens. This event has once again drawn attention to PEPE in the market, reflecting concerns about the token's volatility and the whales' ability to manipulate the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale withdrawal of PEPE may represent short-term profit-taking, but it does not mean that PEPE will crash, as the whale still holds $9.68 million worth of PEPE.
Whale's withdrawal may be related to ETH bottom fishing, as the whale withdrew PEPE when ETH price was falling, possibly to gain more profits on ETH.
Whale's withdrawal may be related to PEPE's short-term price movement, as the whale withdrew when PEPE price was rising, possibly to take profits at the peak of PEPE price.
Whale's withdrawal may be related to market sentiment, as the whale withdrew when market sentiment was low, possibly to take profits when market sentiment was low.