The PEPE whale is back! Buying low and selling high, it made $6.24 million and then re-entered the market, splashing $4.24 million to buy the dip!
On-chain monitoring shows that this 'buy low sell high PEPE expert' just liquidated its position and after making a profit of $6.24 million, just one day later, it rebuilt its position on Kraken at a price of $0.00001697, purchasing 250 billion PEPE, worth $4.24 million! Currently, it has an unrealized profit of $307,000, making it a top hunter in the market.
The volatility of PEPE has reignited market enthusiasm. Should one blindly follow the whales, or patiently wait for the next major drop? Regardless of your perspective, this dramatic operation has added fuel to the meme coin market. What are the whales' objectives? Can PEPE break through resistance again and take off?
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