150 billion PEPE shocked Binance crypto exchange
Pepe (PEPE) is a big fish in the cryptocurrency circle. Lookonchain, an expert in chain analysis, discovered this big transaction and posted a post on X.
PEPE big fish's actions reveal the market's little thoughts
Look, this big fish deposited 150 billion PEPE tokens in Binance, worth $2.72 million. With this move, traders may have to prepare to stop losses. That is, if the price falls to a certain level, the big fish plans to sell PEPE tokens to reduce losses.
As soon as the market fell, the big fish deposited 150 billion PEPE (2.72 million US dollars) in#Binanceto stop losses. This big fish also withdrew 150 billion PEPE (2.94 million US dollars) and 60 billion SHIB (1.52 million US dollars) from#Binanceon November 28. At the current price, Big Fish lost $219,000 on PEPE and $136,000 on $SHIB.
Interestingly, Big Fish withdrew the same amount of money from the exchange on November 28. At that time, 150 billion PEPE was worth $2.94 million. When Big Fish withdrew the money, it revealed some of its holdings.
Now, the price of PEPE has plummeted, and if you save so much money, you may have to sell it.
At the time of writing this article, the price of PEPE was $0.00001927, down 9.55% in 24 hours. At the current price, Big Fish lost more than $219,000 on PEPE tokens.
Analysts say that stop loss is unavoidable. With assets falling so much, stop loss can reduce losses.
Community views and lessons on timing
This incident caused a stir in the cryptocurrency circle. Some people say that this is a reminder that big investors may not always be able to see the right timing.
However, some people think that the big fish are too impatient. They think that this asset may rise again and should not give up so easily. These people are optimistic about the change of the chairman of the US Securities and Exchange Commission (SEC).
Everyone has their own opinions on the cryptocurrency industry. Everyone says that the market is volatile and traders have to find ways to deal with price fluctuations.
For the next layout direction, I will lead everyone to target the profit opportunities of the cottage, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!