The crypto whale identified as 0x235…1c1F7, known for building a substantial PEPE position six months ago, appears to have liquidated part of their holdings half an hour ago.
If the sale occurred, the whale would have netted a profit of $1.315 million.
In May 2024, the whale opened a position of 239.9 billion PEPE at an average price of $0.00001516, investing approximately $3.63 million. After patiently holding the tokens for six months, the current price of $0.00002064 allowed them to capitalize on favorable market conditions. The recent activity shows a recharge to Binance, with the whale’s remaining holdings now valued at $4.95 million, indicating strategic profit-taking while maintaining a significant position.
六个月前建仓 PEPE 的巨鲸 0x235…1c1F7 半小时前疑似清仓，若卖出将获利 131.5 万美金🐸
他在 2024.05 以均价 $0.00001516 建仓了 2399 亿枚 PEPE，价值 363 万美金；持有六个月后终于等来了收获时刻（现价 $0.00002064），目前已充值进 #Binance，仓位增长至 495 万美金https://t.co/CE4qAD9fVs pic.twitter.com/xlyDwraFIN
— Ai 姨 (@ai_9684xtpa) December 4, 2024
Meanwhile, whale activity in PEPE continues to attract attention. Over the past 20 days, another whale has accumulated 337.09 billion PEPE tokens, worth approximately $6.92 million, after withdrawing them from Binance. This accumulation suggests sustained confidence in PEPE’s long-term prospects, despite its highly speculative nature.
Whales continue to accumulate $PEPE!
A whale has withdrawn 337.09B $PEPE($6.92M) from #Binance in the past 20 days.https://t.co/65vbIQd2dd pic.twitter.com/79NauAQt8V
— Lookonchain (@lookonchain) December 4, 2024
PEPE has become a focal point for meme token enthusiasts, with whales playing a pivotal role in driving market sentiment and liquidity. Their actions often serve as indicators of broader market trends, influencing both retail and institutional investors.
The recent profit realization by 0x235…1c1F7 highlights the potential for significant gains in the meme token space for those who time the market effectively. Simultaneously, the ongoing accumulation by other whales suggests that interest in PEPE remains strong, keeping it firmly in the spotlight. As these dynamics unfold, PEPE watchers can expect continued volatility and opportunities in this ever-evolving market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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