Shiba

PEPE

Shiba Inu

Trillion

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-deposit-large-amounts-of-shib-and-pepe-on-binance/" data-wpel-link="internal">Whales Deposit Large Amounts of SHIB and PEPE on Binance</a><br></p>
<p style="text-align: justify">In the cryptocurrency world, large <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> known as “whales” have deposited significant amounts of Shiba Inu (SHIB) and Pepe (PEPE) on the cryptocurrency exchange Binance. These movements have sparked discussions within the crypto <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">ecosystem</a>. The development was reported by Spotonchain. Let’s first examine the details and possible implications of these transactions.</p> 
<h2 style="text-align: justify" id="trillion-shib-movement-by-a-whale">Trillion SHIB Movement by a Whale</h2> 
<p style="text-align: justify">A whale identified by the address 0x42a deposited 1.088 trillion SHIB worth $18.12 million on Binance approximately 14 hours ago. Looking at this whale’s activities, we see that the purchase period for SHIB was November and December 2023.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-364828 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/whale-1.png" alt="" width="487" height="666"></p> 
<p style="text-align: justify">This period was when the market was at its lowest. The whale made significant profits by accumulating during this time. Accordingly, the whale has a notable gain of 79%. This translates to an estimated profit of approximately $8 million.</p> 
<h2 style="text-align: justify" id="whale-s-pepe-investment">Whale’s PEPE Investment</h2> 
<p style="text-align: justify">In contrast, another whale known as 0x837 deposited 700 billion PEPE worth $7.83 million on Binance about three hours ago. Despite this significant investment, this whale still holds 800 billion PEPE worth $9.22 million.</p> 
<p style="text-align: justify">However, unlike the first whale, this investor’s situation is not as favorable. The estimated total loss for 0x837 is around $3.47 million. This means the whale has a 15% loss on their investments.</p> 
<h2 style="text-align: justify" id="possible-market-impacts-of-the-investments">Possible Market Impacts of the Investments</h2> 
<p style="text-align: justify">The actions of these whales can be interpreted in various ways. Depositing such large amounts of SHIB and PEPE on Binance may indicate a bearish trend for these assets. When whales move their assets to an exchange, it often suggests a preparation for selling.</p> 
<p style="text-align: justify">Selling implies a downward wave in cryptocurrency prices. Consequently, token prices face downward pressure. The contrasting actions of the two whales at the profit point highlight the importance of entry timing in the <a href="https://en.coin-turk.com/cryptocurrency-exchange-okx-announces-new-listing/" data-wpel-link="internal">crypto market</a>. Entering cryptocurrencies at their peaks can lead to significant losses, whereas choosing the right entry time can result in profitable transactions.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/whales-deposit-large-amounts-of-shib-and-pepe-on-binance/" data-wpel-link="internal">Whales Deposit Large Amounts of SHIB and PEPE on Binance</a></h5>

Whales Deposit Large Amounts of SHIB and PEPE on Binance

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