A prominent PEPE whale, known for an impeccable 100% trading success rate, recently made headlines by withdrawing 96.5 billion PEPE tokens from Binance, worth approximately $1.98 million, just 10 minutes ago.
Currently, this whale holds $21.7 million worth of PEPE and $11.09 million in SHIB tokens. Notably, the whale built a staggering position of 613.8 billion PEPE tokens back in June this year, with an average cost of $0.00001331. This strategic move has resulted in a floating profit of $4.39 million.
Massive Amount Of Pepe Token Deposited Into Binance
Over the past seven hours, this individual deposited 515.5 billion PEPE tokens into Binance through four separate addresses. These transactions, totaling $10.44 million, have sparked concerns among investors, as such movements could trigger a short-term price dip. Analysts suggest that this activity, coupled with Bitcoin’s recent pullback, may contribute to a 4% decline in PEPE’s value.
Since July, this whale has withdrawn a total of 742.5 billion PEPE tokens from Binance at an average cost of $0.000007352. If the entirety of this holding is sold at current market prices, it could yield a profit of $6.65 million, reflecting an impressive 175% return on investment.
The whale’s movements have fueled speculation about their market influence and the potential impact on PEPE’s price trajectory. Market participants remain watchful, as these significant trades often set the stage for notable price shifts in the cryptocurrency ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.