đš Why $PEPE Whale Dumps 330 Billion Tokens âWhat's going on? đš
Admittedly, the recent actions of PEPE whales have raised eyebrows in the community . A whale's decision to dump 330 billion PEPE tokens, worth $2.53 million, into Kraken may signal a looming sell-off or a strategic play to cut losses .
Despite earlier market wins, the whale's current holdings are struggling, and this sell-off might be a move to prevent further losses . However, the whale still holds 1 trillion PEPE tokens, worth $7 million, indicating potential anticipation of future recovery .
On-chain data reveals increased selling pressure, with exchange inflows skyrocketing to 76 billion tokens, while outflows lagged at 23 billion . PEPE's bear trend persists, with a weak momentum signal from its RSI and a 0.3% price drop . The community is left wondering if more whales will dump or if a surprise rally is on the horizon .
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