Whale gave up on PEPE Coin: It went on sale on Binance with a loss of 3.5 Million Dollars!

Investors in the popular meme coin Pepe (PEPE) started selling in the face of millions of dollars of losses.

According to the data provided by the on-chain analysis platform Lookonchain, a PEPE investor revealed a huge loss with the transfer he made on June 25.

The whale in question transferred 700 billion PEPE worth $7.8 million to the cryptocurrency exchange Binance. After this transfer, he was left with 800 billion PEPE worth $9.23 million.

The current loss of the PEPE investor is positioned at $3.5 million. Most of the PEPE held by the whale was taken from Binance between May 22 and May 30.

It was determined that the wallet performing the transactions was “0x83768992b44f9aFad68889CA59F36507fe00d8F7”.

The rises experienced earlier this year and the FOMO in March-April had brought meme coins to serious values. However, these were among the projects that suffered the most from the decline in the market.