Mysterious Whale Accumulates Massive PEPE Position
A significant PEPE whale has emerged, making substantial moves in the past few days. Two wallets, likely controlled by the same entity, have withdrawn a combined 828.64 billion PEPE tokens (worth approximately $6.18 million) from Kraken just eight hours ago.
Wallet addresses:
0x689d6140131b2A5EB2fB899b1B180eA23b2B869B
0xBE2586F976f5899FCfc2CF6F3B9969aF18faCCc3
Interestingly, this whale previously sold off 500 billion PEPE tokens three days ago at a price of $0.000008 per token. However, their recent purchase of 828.64 billion PEPE tokens at a lower price of $0.0000074 indicates a strategic accumulation.
Despite this aggressive buying strategy, the whale currently holds a total of 1.33 trillion PEPE tokens valued at $9.93 million, but they are still facing a net loss of $3.3 million on their PEPE investment.
