PEPE Whale's Epic Top-Taking: The Shocking Secret Behind 5952x Returns!
On-chain monitoring systems captured unusual activity last night, as a mysterious address transferred 240 billion PEPE (approximately 3.36 million USD) to Binance through a four-layer mixing structure, triggering a market flash crash warning. This transaction reveals the most violent trading myth in crypto history.
British James Wynn built a position of 15 trillion PEPE in April 2023 with an initial capital of 2184 USD, and after 13 rounds of operations, he has cashed out a total of 13.72 million USD, with remaining holdings still valued at 16.3 million USD, achieving a compound return of 5952x. This precise top-taking operation occurred just as PEPE's market value was halved from its historical peak, and the on-chain trajectory of the whale account exposed the ultimate harvesting rules of the crypto market.
The whale's trading strategy is textbook-level market manipulation, initially conducting a carpet-style accumulation through 76 puppet accounts, completing the acquisition of 15 trillion PEPE within 72 hours of its launch; in April 2024, he first sold 13 trillion PEPE to cash out 10.39 million USD, dispersing funds across the Polygon and Arb ecosystems using cross-chain bridges, and prior to this sale, he washed the transaction path through Tornado Cash, creating an on-chain illusion of retail investors following suit to sell.
This sale's scale is equivalent to 8.2% of PEPE's average daily trading volume, with on-chain deep monitoring showing a buying support gap of 3.6 million USD at the price of 0.000000013 USD. Even more deadly, another 5 associated whale addresses simultaneously transferred 49.3 billion PEPE to OKX, with potential selling pressure reaching 6.9 million USD.
This selling storm has revealed a structural crisis in the Meme coin market, with the top 50 address holders net reducing their holdings of 1.2 trillion PEPE over the past three months, as funds flow massively into AI and RWA sectors.
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