Whale Deposited $9.52 Million Worth of PEPE to Binance, Profiting $4.95 Million

IconCryptoNewsTerminal Staff30 May, 2024

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Whale Deposited $9.52 Million Worth of PEPE to Binance, Profiting $4.95 Million

Blockchain data analysis firm Lookonchain has discovered that a whale address recently sent 66.07 billion PEPE tokens, worth approximately $9.52 million, to Binance. This significant transaction occurred just 10 minutes after the address had purchased the PEPE tokens a month ago, resulting in a substantial profit of around $4.95 million for the whale. It's worth noting that the price of PEPE has experienced a decline of about 20% from its recent peak. Despite this, the whale's decision to profit from the trade highlights the potential volatility and speculative nature of certain cryptocurrencies.

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