Whale Moves: 217B PEPE Deposited to Kraken for Profit

A whale recently deposited 217B PEPE (worth $4.54M) to Kraken just hours ago.

Addresses:

0xbe2586f976f5899fcfc2cf6f3b9969af18faccc3

0x689d6140131b2a5eb2fb899b1b180ea23b2b869b

This transaction is part of the whale's second PEPE trade, with 1.21T PEPE (worth $25.1M) still held across two wallets. Here's a breakdown of the profits:

The whale withdrew 1.429T PEPE from Kraken between December 21, 2024, and January 3, 2025, at an average cost of $0.00001737 (total cost: $24.8M).

Deposited 217B PEPE back to Kraken on January 7, 2025, at $0.00002091 for $4.54M, netting an estimated $767K profit from this move.

Interestingly, the whale previously made $11.39M (+57.1%) in profit during its first PEPE trade (March 16–December 20, 2024), trading 2.189T PEPE.

The numbers show this whale knows how to play the PEPE market like a pro!