Whale Locks $7.47M as $PEPE Coin Price Slips🚨

On-chain data from Lookonchain revealed that a major #PEPE‏ whale wallet (0x3c9E) deposited 502.5B $PEPE worth $6.47 million to Binance 20 minutes before the price drop intensified. Despite transferring a large amount, the wallet is still holding 497.5 billion PEPE, which is worth $6.41 million.

In just one month, the whale made over $7.47 million, which implies they sold some when prices were close to their highest in some time. Specifically, the deposit comes after $PEPE price moved away from $0.000015, leading some to doubt if larger owners or whales are behind the short-term decline.

Usually, when profits are realized, more money is exchanged, which quickly affects market prices. The fact that more than half the initial positions were kept unchanged hints that the market could rise once more.

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