A $PEPE whale, known for their profitable trading history, has once again doubled down on the token.
Twelve hours ago, they added $7.14 million worth of $PEPE to their portfolio, bringing their total holdings to an impressive 791.3 billion tokens valued at approximately $14.23 million.
Between December 20, 2024, and January 3, 2025, the whale strategically withdrew 610.6 billion $PEPE tokens from Kraken at an average price of $0.00001732. With the current average cost of their total holdings at $0.00001769, the whale is sitting on a floating profit of $103,000.
Whale Takes $1.74M Loss Amid Market Dip
In a contrasting move, just four hours ago, another whale offloaded 85 billion $PEPE tokens for 1.51 million $USDC as the market experienced a dip. This sale locked in a realized loss of $1.74 million, reflecting the volatile nature of the $PEPE market.
Despite the loss, the whale still holds a substantial position of 180.8 billion $PEPE tokens worth approximately $3.2 million, suggesting they may still believe in the token’s long-term potential.
Conclusion
The $PEPE market remains a battleground for whales, with some taking aggressive buy positions while others cut their losses. As volatility persists, the next moves from these major players will likely influence the token’s trajectory in the days ahead. For now, $PEPE watchers will keep a close eye on whether these whales’ bets pay off or falter in the turbulent crypto landscape.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.