Whale Deposits 150 Billion $PEPE Tokens on Binance: A Sign of Caution in the Market
Recently, a large whale in the market deposited 150 billion PEPE tokens, worth $2.72 million, on Binance. This movement suggests that the trader may be preparing for a stop-loss order, with the intention of limiting losses if the asset's price continues to fall.
It is interesting to note that, on November 28, this same whale had withdrawn the 150 billion PEPE from the exchange, when the amount was worth $2.94 million, indicating a retention strategy. However, with the recent drop in the price of PEPE, now quoted at $0.00001927 — a drop of 9.55% in the last 24 hours — it seems that the whale may have changed strategy, opting to sell the tokens to minimize losses.
The whale is currently facing a loss of over $219,000 at the current value of PEPE. Experts believe that given the steep drop, using a stop-loss strategy could be a sensible way to mitigate losses as the token’s value continues to decline.
