#Whale Dumps $8.86 Million in PEPE#
Hot Topic Overview
Overview
Recently, a whale withdrew 549 billion PEPE tokens worth $8.86 million from the Kraken exchange, attracting market attention. The whale had previously profited $4.92 million from PEPE swing trading over the past six months and deposited 561.8 billion tokens into the exchange yesterday. It is currently unclear whether this withdrawal is for selling or buying, but if the latter, the whale would be making a profit of nearly 10%, or about $1 million. Currently, the whale still holds $9.68 million worth of PEPE.
Ace Hot Topic Analysis
Analysis
Recently, there were reports that a "smart money" whale had profited $4.92 million from PEPE swings over the past six months and withdrew 549 billion PEPE worth $8.86 million from Kraken exchange two hours ago. However, the whale only deposited 561.8 billion tokens into the exchange yesterday, and it is unclear whether the withdrawn tokens were sold or repurchased. If the whale repurchased, it would gain nearly 10% profit, approximately $1 million. Currently, the whale still holds $9.68 million worth of PEPE. This event sparked market speculation, with some believing that the whale might be bottom-fishing ETH, while others believe it might be a short-term arbitrage operation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whale selling PEPE may be taking profits, as the address has made $4.92 million in profits from PEPE swings over the past six months.
Whale selling PEPE may be buying ETH, as the address deposited ETH into the exchange before selling PEPE.
Whale selling PEPE may be a short-term operation, as the address may have bought back PEPE after selling it.
The impact of whale selling PEPE on the price of PEPE is still unclear, as the address still holds $9.68 million worth of PEPE.