Crypto News

Wintermute’s Major Deposits Impact PEPE And ARB Markets

Wintermute has recently made significant moves in the cryptocurrency market, depositing a staggering 702.9 billion PEPE tokens, valued at approximately $6.59 million, to Binance.

This substantial deposit coincided with a 3.4% drop in the price of PEPE, highlighting the market’s sensitivity to large-scale transactions.

Meanwhile, the “Whale with a 100% Winning Rate in the Past Three Months” for PEPE, who has garnered significant attention, has remained inactive since adding positions on June 20. Despite not making any recent moves, this whale has experienced a floating loss of $2.41 million due to the continuous decline in PEPE’s price.

The whale accumulated 512 billion PEPE tokens starting from June 1, and the market downturn has impacted their previously perfect winning streak, now reflecting seven wins and seven losses.

Not Just PEPE, Wintermute Also Deposited 7.77 Million ARB To Binance And Kraken 

In addition to the PEPE deposits, Wintermute also deposited 7.77 million ARB tokens, worth around $4.77 million, to Binance and Kraken yesterday. These movements indicate Wintermute’s strategic positioning in the market, potentially signaling future trading plans or liquidity needs.

The recent activities of Wintermute and other prominent market participants underscore the volatility and rapid changes within the cryptocurrency market. Investors are closely watching these moves, as they can provide insights into market sentiment and potential price trends.

As these substantial token movements continue to unfold, market observers and participants will be keen to see how these actions influence overall market dynamics and whether the bearish trends for PEPE and other tokens will persist.

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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