Whale 'Cuts Losses' and Gives Up? 150 Billion PEPE Returns to Binance, Losses Reach $219,000!
On December 19, according to on-chain data monitoring, after the market declined, a whale-level player deposited 150 billion PEPE into Binance, valued at approximately $2.72 million. This PEPE had previously been withdrawn from Binance on November 28, when its market value was about $2.94 million, resulting in a direct loss of $219,000.
Moreover, this large holder also withdrew 60 billion SHIB (approximately $1.52 million) from Binance on the same day, and based on current prices, this portion of assets has also incurred a loss of $136,000.
From the operations of this whale, it seems likely to be a case of 'emotional cutting of losses' or a strategic adjustment for early positioning. However, such a massive loss returning has sparked a lot of speculation in the market: is the top player bearish on the future market, or is he preparing to readjust his portfolio?
No matter how the whale swims, for us retail investors, this wave of operations feels more like a warning bell—don't blindly follow the whales! Remember, the scale of funds is different, and so is the logic of operations. Don't easily be swayed by market trends; sticking to your own strategy is the hard truth!