Whale Buries $5.3 Million in Binance, Signaling BIG Move?
CryptoNewsTerminal Staff04 Jun, 2024
Whale Buries $5.3 Million in Binance, Signaling BIG Move?
Buckle up, crypto enthusiasts! On-chain data wizards at Lookonchain have dropped a bombshell: a mysterious whale has just unleashed a whopping 3.6596 billion PEPE ($5.3 million, no chump change!) into the depths of Binance. But hold on tight, because this is no ordinary whale. This colossal creature previously flexed its financial muscles by hauling 366 million PEPE out of MEXC over a mere two days back in December. With the latest Binance deposit, the whale's total PEPE stash now stands at an eye-watering 4.0256 billion, worth a staggering $5.8 million at today's prices. While the motivation behind this massive transfer remains a tantalizing mystery, crypto sleuths can't help but speculate about what it could mean. Is the whale preparing for a stealthy trade? Or perhaps it's just seeking refuge in the safety of Binance, the world's largest crypto exchange. Whatever the reason, this whale's actions have sent ripples through the cryptosphere, sparking a flurry of theories and fueling speculation about the future of PEPE.
