PEPE whale makes a 'head-cutting' escape! 600 billion coins dumped into the exchange, ending with a loss of 3.5 million dollars!
16 hours ago, a veteran PEPE whale finally couldn't hold on any longer and threw the last 600 billion PEPE into Binance, with a market value of about 6.1 million dollars, and he expects a total loss of up to 3.5 million dollars!
This is a complete surrender stance—no attempts to pump the price, no pretending to be a 'long-termist', just pure 'giving up' liquidation.
What does this mean?
This dumping could very well be a sign of the 'end of liquidation' phase for PEPE in the short term; when the whales are cutting losses, retail investors have almost all exited—after the bloodbath, that could be the starting point for the chips to be truly collected cleanly.
But don't rush to bottom fish, the current key issue for PEPE is not sentiment, but the flow of funds and the fading of topics; after the whales escape, the project will either be revived or completely go to zero.
