A significant transaction has caught the attention of the crypto community: a whale, possibly identified as James Wynn, deposited 443.37 billion PEPE tokens, valued at approximately $6.17 million, into Binance within an 8-hour window. This move has raised questions about potential market impacts and the whale's intentions.
Key Highlights:
Whale Activity: The whale reportedly accumulated PEPE tokens at significantly low prices, achieving an extraordinary return on investment (ROI) of 11,117x.
Market Reaction: Historically, large deposits of PEPE into exchanges have led to notable market movements. For instance, a previous deposit of 430 billion PEPE resulted in a 5% price drop and a 30% surge in trading volume within minutes.
Current Price: As of now, $PEPE is trading at approximately $0.00001429, reflecting a 3.47% increase over the past 24 hours.
$PEPE #PEPE #Whale.Alert #BinanceAlphaAlert
