PEPE Whale Exits With $3.5M Loss After Binance Deposit
A PEPE whale closes a one-month position, depositing 600B PEPE to Binance and taking a $3.5M loss.
- Whale offloads 600B PEPE, worth $6.1M, on Binance
- Ends one-month position with $3.5M loss (~12.6%)
- Move may signal short-term price pressure for PEPE
Whale Exits PEPE Position After 1 Month
A crypto whale holding massive amounts of PEPE memecoin has seemingly exited its position after depositing the final 600 billion PEPE tokens, valued at approximately $6.1 million, to Binance. This transfer, made roughly 16 hours ago, likely concludes a one-month investment strategy.
On-chain data shows the whale originally acquired around 2.2 trillion PEPE tokens, suggesting a multi-step exit with notable trading volume over the past weeks.
Estimated Loss of $3.5 Million
The exit strategy didn’t pay off. The whale is estimated to have incurred a $3.5 million loss, roughly 12.6% of the original investment. The PEPE price has shown volatility in recent weeks, and this large-scale move may further influence near-term market sentiment.
Such significant losses at a whale level often indicate broader shifts in sentiment or strategy. The action could either signal caution among major holders or open up opportunities for smaller traders looking to buy at a perceived dip.
Market Reactions & Risks
Large deposits to centralized exchanges like Binance often precede sell-offs, raising potential concerns of downward price pressure on PEPE. However, memecoins like PEPE frequently rebound on strong community sentiment and speculative trading patterns.
Traders should monitor Binance’s order books and on-chain data to detect further whale movements. The price may see heightened volatility in the coming days, driven by both retail speculation and broader crypto market trends.
Read Also:
- $312M Raised & 2M X1 App Users: BlockDAG Reveals X10, X30, X100 Miner Shipping Timeline!
- Tether’s $1B USDT Mint Boosts Ethereum Liquidity
- Ohio Approves Bitcoin Tax Exemption Under $200
- Troller Cat Gains 1200+ Holders Mid-Rickroll Craze – Miss This Like Dogs and Regret It
- Mastering the 4D Chess vs BTC Strategy
