Alert: PEPE Coin Holder's
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A massive transfer of 660.7 billion PEPE coins to Binance has caused a significant drop in PEPE's price, falling 20% from its peak.
A mysterious whale transferred nearly a trillion PEPE meme coins to Binance earlier today, causing asset prices to plummet by an additional 11% from their recent highs. Specifically, an anonymous cryptocurrency trader moved 660.7 billion PEPE coins to Binance a few hours ago. The trader had purchased these tokens a month prior.
After selling PEPE for $9.01 million, the whale realized a profit of approximately $4.95 million, achieving a 52% return on investment in less than a month.
Another analyst, @spotonchain, noted that this transaction occurred after PEPE prices had already dropped 14% in the last 24 hours. They also revealed that the tokens were bought on both Binance and the major exchange MEXC, with a total expenditure of around $4.57 million.
Overall, PEPE has declined over 21% since reaching an all-time high of $0.00001718 on May 27, potentially driven by the SEC’s recent approval of an Ethereum spot ETF. Currently, PEPE is trading at $0.00001374.