Memetic / PepeCoin

A cryptocurrency whale, known by the address 0xa54, had made substantial profits trading PEPE tokens on Binance. However, on its second trade on the platform, it faced a significant loss, losing almost $1 million.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ecada182ea5745dd9c9b56ad69d6d970.gif" />The Crypto Shop AIRDROP Is Live, Get 3000 EMT Tokens Free &#61; $30 <a href="https://docs.google.com/forms/d/e/1FAIpQLScSiOkKnPEDDIFyYnULvwaQ_AIyb4mboPxqra3hEGbTfPpQvA/viewform" rel="noopener noreferrer nofollow">Join Now</a>Based on SpotOnChain data, the whale deposited the last 3 trillion PEPE tokens to Binance on August 2 and 5. These <a href="https://cryptosheadlines.com/terraform-labs-transfers-millions-worth-of-tokens-one-year-after-terra-luna-crisis/" rel="noopener noreferrer nofollow">tokens were worth $3.5 million</a>, and the average price per token was $0.000001194.The whale made a deposit of tokens on July 23 and 24, with an average <a href="https://cryptosheadlines.com/zimbabwe-sets-price-for-gold-backed-digital-tokens/" rel="noopener noreferrer nofollow">price of $0.000001409 per token</a>.Unfortunately, the <a href="https://cryptosheadlines.com/pepe-pepe-price-goes-up-100-after-okx-listing-announcement/" rel="noopener noreferrer nofollow">price of PEPE</a> has sharply dropped since then, reaching as low as $0.000001142 on August 5. If the whale were to sell all its tokens at the <a href="https://cryptosheadlines.com/a-leading-cryptocurrency-exchange-is-currently-being-investigated-posing-a-potential-challenge-for-the-crypto-market/" rel="noopener noreferrer nofollow">current market</a> price, it would face a massive loss of $988,000.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3503e599314b490d8f7721e39ce9fb19.webp" />Chart showing the whale’s level of moving and withdrawing tokens to Binance.The <a href="https://cryptosheadlines.com/arbitrum-whale-traded-instantly-after-90-million-arb-airdrop/" rel="noopener noreferrer nofollow">whale’s initial trade</a> on Binance, which occurred between June 27 and July 14, was quite successful. During this time, the whale bought and sold 3.9 trillion <a href="https://cryptosheadlines.com/binance-halts-market-orders-for-shib-floki-pepe-tokens/" rel="noopener noreferrer nofollow">PEPE tokens</a>, making a profit of $673,000, which is around 10.6% of its initial investment.e <a href="https://cryptosheadlines.com/pepe-whale-transfers-tokens-to-binance-potential-1m-loss-upon-selling/" rel="noopener noreferrer nofollow"> Read More...</a>

PEPE Whale Transfers Tokens to Binance: Potential $1M Loss Upon Selling

CryptosHeadlines.com

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