It exploded! A giant whale player launched a surprise attack on Binance at midnight, with a mysterious transfer of 13.54 million dollars' worth of PEPE!
This deep-sea giant whale really knows how to pick the time, directly swallowing 1.5 trillion PEPE coins in the dead of night. To me, this is a typical scene of whale predation! As soon as the on-chain data popped up, the entire crypto Telegram group instantly exploded with three hundred unread messages—those traders who stayed up late watching the market must have filled their ashtrays to the brim.
This wave of new meme coin PEPE seems to have stumbled into a gunfight. On-chain detectives have already started to dox this whale's trading history, and the leveraged liquidation charts have been thoroughly examined. In my view, this is the prelude to whale battles; these deep-sea giants can stir up a bloody storm in exchanges with every flick of their tails, and many trend-following sharks are likely staying up all night to adjust their stop-loss lines.
Now the market looks like a whale migration, the funding rates for BitMEX perpetual contracts have started to show abnormal fluctuations. For those still holding PEPE positions, I advise you to quickly turn on your on-chain monitoring tools. When these whale wallet addresses move, the depth pools of CEX can be drained in an instant, and a spike in liquidation can happen in minutes. Remember, in the crypto ocean, we little shrimp need to learn to swim with the whales' dorsal fins!
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