⭐⭐Giant Whale Gave Up: Sold His Last Holding in This Altcoin, Made a Loss! ⭐⭐

PEPE Whale Experienced Major Loss, Transferred All His Assets to Binance

According to on-chain data, today an important cryptocurrency whale executed transactions that may indicate a sale following significant losses. Particularly, the activity surrounding the meme coin PEPE drew attention.

According to the data, the whale in question recently transferred 600 billion PEPE tokens – worth approximately 6.04 million dollars – to the Binance exchange. This move was interpreted as preparation for a sale.

It is known that this same whale withdrew a total of 2.2 trillion PEPE tokens (approximately 27.64 million dollars at that time) from Binance about a month ago. So far, he has reinvested the entire amount back into Binance in three stages, leaving him with no PEPE remaining. According to on-chain data, this series of transactions resulted in approximately 3.5 million dollars in losses for the whale.

In contrast to this loss-inducing movement on the PEPE side, it appears that some whales are pursuing different strategies. A newly created wallet withdrew 3,201 ETH worth 8.1 million dollars from Binance. This move suggests that the whale may have long-term holding (HODL) intentions.

On the other hand, several whale wallets directed their attention to the decentralized exchange protocol Hyperliquid (HYPE) token, making a total purchase of 5.5 million dollars. This also indicates increasing interest in HYPE from institutional or high-net-worth investors.

Slight Pullback in Bitcoin

In line with developments across the market, the price of Bitcoin (BTC) fell by 1.1%, retreating to approximately 103,000 dollars. This decline is associated with significant whale movements and selling pressure.

These developments indicate that both risk appetite and strategic repositionings continue in the cryptocurrency market. Particularly, the orientations of whales remain decisive on short-term price movements.