$PEPE Mysterious whale withdrawal triggers market crash: SHIB and PEPE leave, market value evaporates 10 billion

Recently, the cryptocurrency market has experienced a "massacre" worth $166 million. The trigger of this incident was that anonymous meme coin whales withdrew billions of dollars of $SHIB and PEPE from Binance. This major withdrawal triggered a widespread sell-off in the market, causing Bitcoin and other major #cryptocurrencies' to fall sharply.

The market fell sharply, and Bitcoin fell below $60,000

In this market turmoil, Bitcoin fell more than 2.5%, falling below the key $60,000 mark. This drop not only triggered a wave of Bitcoin selling, but also affected the entire cryptocurrency market, with a total market value loss of nearly $100 billion.

Whale withdrawal: $59.41 million involving 8 tokens

In this major withdrawal event, an anonymous account withdrew $59.41 million from the Binance platform, involving 8 different tokens. Specifically include:

Ethereum (ETH): 9,425 ETH, worth $30.92 million

PEPE: 957.7 billion PEPE, worth $9.82 million

SHIB: 583.7 billion SHIB, worth $9.63 million

Render Token ($RNDR ): 438,700, worth $3.13 million

Polygon (MATIC): 5.187 million, worth $2.81 million

Chainlink (LINK): 104,100, worth $1.47 million

Avalanche (AVAX): 39,100, worth $1.08 million

The Graph (GRT): 2.762 million, worth $550,000

These withdrawals and negative market sentiment led to a general sell-off in the market, affecting not only Bitcoin, but other major cryptocurrencies as well. This incident once again shows the huge influence of large withdrawals and whale accounts on the market.

With the turmoil in the cryptocurrency market, we can expect more market volatility and price adjustments. In this uncertainty, we need to remain vigilant, pay close attention to market dynamics, allocate assets rationally, and avoid unnecessary losses.