Giant whale "cutting losses" in defeat? 150 billion PEPE returns to Binance, losses as high as $219,000!
On December 19, according to on-chain data monitoring, after the market decline, a whale-level player deposited 150 billion PEPE into Binance, worth about $2.72 million. This PEPE was previously withdrawn from Binance on November 28, when its market value was about $2.94 million, resulting in a direct loss of $219,000.
Moreover, on the same day, this large holder also withdrew 60 billion SHIB (about $1.52 million) from Binance, and according to current prices, this part of the asset has also lost $136,000.
From this whale's actions, it seems likely to be a case of "emotional cutting losses" or a strategic adjustment for early positioning. However, such a massive loss returning has sparked a lot of speculation in the market: is the top player bearish on the market outlook, or are they preparing to reallocate?
Regardless of how the whale swims, for us retail investors, this operation feels more like a warning bell—don't blindly follow the whales! Remember, the scale of capital is different, and the operational logic is also different. Don't easily be swayed by the market's wind direction; staying focused on your own strategy is the hard truth!
