Giant Whale Sells PEPE Coin: Sent Millions to Binance!
One of the giant whales of the popular memecoin PEPE made a sale of approximately $6.5 million, earning $1.57 million with a 32% profit in three months.
The large investor frequently making headlines in the cryptocurrency markets, "qianbaidu.eth," executed another noteworthy transaction. The famous whale completed the sale by transferring 595.2 billion PEPE tokens, which it purchased about three months ago, to the Binance exchange. With this enormous transaction, the whale's profit reached $1.57 million, while it is reported to still hold 104.4 billion PEPE (approximately $1.15 million).
According to information shared by on-chain analysis platforms like Lookonchain and Spot On Chain, this sale has led to various interpretations in the markets. Some investors view this as an indication that the market has peaked, while others believe that PEPE's strong position will continue. Looking at technical analysis data, it is stated that PEPE is in the overbought zone and its momentum has slowed down.
The sales made by the giant whale are generally seen as triggers for market volatility. Such high-volume transactions can lead to short-term price fluctuations and indicate moments that investors should watch closely. While some investors believe that these large transfers will create selling pressure, it is observed that confidence in PEPE remains high among memecoin investors.
