A successful trader, who earned $5.4 million trading 8 altcoins, deposited the popular meme coin #Pepe ($PEPE ) into the exchange during the market decline.

According to the post shared by the on-chain data and analysis account Lookonchain on June 19, a successful trader sold a large amount of $PEPE at the breakeven price, taking precautions against a larger retreat in the market decline. 

#PEPE is notable for its $5.4 million profit from Shiba Inu (SHIB), Ethereum (ETH), The Sandbox (SAND), Decentraland (MANA), Memecoin (MEME), PancakeSwap (CAKE) and Gala (GALA). The pulling whale made a sale that made the market uneasy.

In parallel with the withdrawal in the Bitcoin and cryptocurrency markets, the whale in question deposited the entire $PEPE , worth $4.27 million, to Binance, the world's largest cryptocurrency exchange. The fact that the whale made this move in the fall and gave up its profit and left the breakeven price of #PEPE brought to mind that it was expecting a bigger retreat.