#Giant Whale Cashes Out $8.86 Million Worth of PEPE#
Hot Topic Overview
Overview
Recently, a whale considered to be "smart money" withdrew 549 billion PEPE worth $8.86 million from Kraken exchange 2 hours ago, after profiting $4.92 million from the PEPE band over the past six months. Notably, the whale had deposited 561.8 billion tokens into the exchange just yesterday. It remains unclear whether the whale has sold all the withdrawn tokens or repurchased some. If the latter, the whale will profit around $1 million. Currently, the whale still holds $9.68 million worth of PEPE.
Ace Hot Topic Analysis
Analysis
Recently, a whale widely considered a "smart money" player has profited $4.92 million from PEPE's price swings over the past six months. Just two hours ago, the whale withdrew 549 billion PEPE tokens worth $8.86 million from Kraken exchange. Notably, the whale had just deposited 561.8 billion tokens into the exchange yesterday, and it remains unclear whether the withdrawn tokens have been sold or repurchased. If the latter is true, the whale would have profited nearly 10% from buying low and selling high, earning around $1 million. The whale currently holds $9.68 million worth of PEPE. This event has caught the market's attention, with some analysts believing it could be a profit-taking maneuver after PEPE's price correction. However, others argue it could be a bottom-fishing operation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale cashed out PEPE, potentially profiting $1 million
The whale may have bought PEPE at a low point and sold at a high point, making a profit from the difference
The whale may be engaging in short-term trading and has not completely exited the PEPE market
The whale's cashing out behavior may have a certain impact on the price of PEPE