According to data provided by Spot On Chain, a crypto whale transferred another 210 billion PEPE ($3.95 million) to the Kraken exchange in recent hours.
With this latest transaction, the whale reportedly sold a total of 427 billion PEPE ($8.45 million) in the last 32 hours.
The whale currently has a balance of 1 trillion PEPE ($18.4 million) and has made a profit of approximately $13.45 million from these large transactions. It made a profit of $11.4 million (+57%) from the first transaction, while it is estimated to be making a profit of $2.05 million (+8.3%) from the second transaction.
These large-scale sales caused a sharp drop in the price of PEPE. The price of PEPE fell by 10.4 percent in the last 24 hours. Such large transactions by whales usually create selling pressure in the markets and can cause concerns among investors.
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