#CryptoMarketMoves #pepe⚡

🐸 Dump of 330 billion PEPE tokens. Will it trigger a sell-off?

🐳 According to LookOnChain, a PEPE whale transferred 330 billion tokens worth $2.53 million to the Kraken cryptocurrency exchange. Such actions usually indicate intentions to sell the cryptocurrency.

➡️ As the source points out, if the transaction goes through, the seller will incur a loss. However, the motive for selling the tokens is to mitigate losses on some assets.

➡️ At the same time, 330 billion PEPE tokens are not the whale's last "frog" asset. Even after such a significant sale, they will still have around 1 trillion PEPE tokens, worth over $7 million.