A $3,000 bet turned into $51.25 million—now this PEPE whale is back in action!
After six months of silence, the whale "0xc25" deposited 500B $PEPE (worth $5.73 million) into #Coinbase about 11 hours ago.
This whale bought 4.914T $PEPE for $30,100 on April 15, 2023, and gradually cashed out 3.66T $PEPE worth $35.52 million, leaving a remaining balance of 1.25T (worth $15.73 million).
Estimated total profit: $51.25 million (17,026 times return)!
World Liberty Financial( @worldlibertyfi )just spent 1.88 million $USDC to purchase 2.398 million $MOVE at approximately $0.784!
In the past 7 days, the fund has spent $222.77 million to purchase 7 tokens, including: • $ETH $129.95 million • $WBTC $66.84 million • $TRX $10 million • $AAVE, $ENA, and $LINK each $4.7 million • $MOVE $1.88 million
World Liberty Financial( @worldlibertyfi )just spent 1.88 million $USDC to purchase 2.398 million $MOVE at approximately $0.784!
In the past 7 days, the fund has spent $222.77 million to purchase 7 tokens, including: • $ETH $129.95 million • $WBTC $66.84 million • $TRX $10 million • $AAVE, $ENA, and $LINK each $4.7 million • $MOVE $1.88 million
The market sold off from the futures open when the stock price started to fall due to concerns about the Chinese OpenAI competitor.
I personally wouldn't put too much stock in this gap just yet as the price is now more than 5% away.
Generally these get interesting when the price is trading in a ~2% range, at which point gap filling can become a self-fulfilling prophecy and tends to get filled.
The market is exhibiting fully negative gamma exposure (GEX) and liquidity is being withdrawn aggressively as traders actively hedge their positions. A significant cluster of high Z-score liquidations was found at the 95k level. We may be witnessing a carefully orchestrated slow decline—a trap for anyone forced to take on leveraged long positions.
What's the most likely outcome? 10x leveraged positions fell sharply from local highs, followed by an equally devastating blow to overeager long positions of 25x+. Long positions worth $80 million have been liquidated so far.