Over 443 Billion PEPE Tokens Sent to Binance in Just Three Hours
Renowned crypto trader James Wynn, often referred to as a “hyper-liquid whale,” has transferred a massive amount of PEPE tokens to Binance. Analysts believe he's going all-in on a leveraged Bitcoin position.
💸 443 Billion PEPE Land on the Exchange
According to Arkham Intelligence, Wynn has transferred a total of 443.73 billion PEPE tokens to Binance within the last three hours — worth approximately $4.41 million.
The move took place in two rounds:
🔹 First transfer: 240 billion PEPE
🔹 Second transfer: 203.73 billion PEPE (~$2.82 million)
Market observers suggest he’s reallocating the capital to fund a new 40× leveraged long position on Bitcoin, which he recently doubled down on.
📉 PEPE Price Hit? Slight Dip Amid Ongoing Bullish Sentiment
Wynn’s massive PEPE deposit has stirred debate about potential price pressure. The token dropped 2% today, but is still up over 50% on the monthly chart.
Despite his sell-off, market data remains optimistic:
🔸 Open interest in PEPE futures rose 5.89%
🔸 Total futures market size now exceeds $600 million
Market data suggests a bullish fractal pattern that could potentially drive PEPE’s price up by 103% in the coming weeks. With sentiment running high, some wonder if Wynn's decision to sell might go against the broader trend.
🤔 Another Loss-Making Bet for Wynn?
Wynn is no stranger to risky plays — but not all have gone his way recently. Analysts say he’s lost nearly $60 million in the past week, even though his unrealized gains briefly touched $80 million.
Earlier this week, he opened a 10× long position on PEPE, which attracted other whales to accumulate the memecoin. Whale Alert reported a huge transfer of 2 trillion PEPE (worth $27.89 million) from Bybit to an unknown wallet.
🧮 PEPE Price Action: Volatility at Full Throttle
Between May 21 and 23, PEPE surged to $0.00001606, dropped nearly 19% to $0.00001303, and rebounded again — showcasing just how sensitive it is to large trader movements.
📌 Summary:
🔹 James Wynn moved 443B+ PEPE to Binance
🔹 Likely reallocating to a high-leverage Bitcoin long
🔹 PEPE market remains bullish despite his exit
🔹 Wynn faces scrutiny after recent trading losses
🔹 PEPE up 50% this month, further rally possible
#PEPE , #pepecoin , #CryptoInvesting , #BTC , #CryptoMarket
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