BIG WHALE 🐳 WITHDRAW ON $PEPE
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Recent on-chain data indicates significant activity involving large holders, or "whales," of Pepe Coin (PEPE). Approximately two weeks ago, a wallet identified as "0xf37" withdrew 375.35 billion PEPE tokens, valued at around $3.73 million, from the Binance exchange. This marked the whale's initial accumulation of PEPE.
Around the same period, another whale, "A3kTT," reactivated after a two-year dormancy to withdraw 6.5 million WIF tokens (worth $5.19 million) from Binance. Similarly, whale "4x3M8" withdrew 9 million WIF tokens, valued at $7.42 million.
These substantial withdrawals by whales suggest a strategic accumulation of PEPE and WIF tokens, potentially indicating confidence in the long-term prospects of these assets. Such movements can influence market dynamics by reducing the circulating supply on exchanges, potentially leading to price fluctuations.
However, it's important to note that while whale activities can provide insights into market sentiment, they do not guarantee specific price movements. Investors should conduct thorough research and consider market volatility before making investment decisions.
#Whale.Alert
#WhaleActivity
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