A smart money who built a PEPE position withdrew 322.2 billion PEPE eight hours ago, equivalent to about 3.39 million US dollars.
According to on-chain analyst @ai_9684xtpa, during the market crash three weeks ago, smart money that invested in PEPE bought 304.1 billion PEPE at an average price of $0.0000089455 per token. Fifteen hours ago, all tokens were deposited into Binance, and eight hours ago, 322.2 billion tokens were withdrawn, worth approximately $339,000. If the tokens were sold at the time of deposit, a profit of $420,000 would have been made. If the decision is made to continue holding, the tokens would have a floating profit of $550,000 (current price $0.00001077 per token).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Uniswap Hits Record Volume Across Ethereum Layer-2 Networks
BItcoin Could Surpass $150,000 This Cycle, According to VanEck CEO
Bitcoin Price Drop Could Benefit the Market, Expert Says
Analyst Forecasts Bitcoin to Break $110K as Market Cycle Heats Up