The PEPE whale's deposit indicates a market exit strategy

The whale moved 609B PEPE tokens worth $6.43M to Binance.

Initially, it accumulated 2.209T PEPE worth $27.68M in May.

It holds 600B PEPE with an 11.6% loss totaling $3.2M.

A large cryptocurrency whale has sparked interest in the PEPE community after moving 609 billion PEPE tokens, worth approximately $6.43 million, to Binance. This transaction occurred about 20 minutes ago and follows a series of substantial operations in the last month that suggest a strategic exit from the meme coin.

On May 17 and 18, this same whale had accumulated a massive amount of 2.209 trillion PEPE tokens from Binance, spending around $27.68 million. However, since then, the whale has offloaded 1.609 trillion PEPE tokens back to the exchange, totaling approximately $18.08 million.

This surge of trading activity leaves the whale with around 600 billion PEPE tokens, valued at $6.4 million. Based on the timing and price of these transactions, the whale currently has an estimated unrealized loss of $3.2 million, equivalent to 11.6% of the original investment.