A whale holding 150 billion PEPE tokens, worth $2.72 million, deposited the tokens into Binance, suggesting they might execute a stop-loss order to limit losses. The whale had previously withdrawn the same amount from the exchange on November 28, hinting at a holding move. With the decline in PEPE's price, the whale's deposit indicates they have decided to sell the asset. The current market price of PEPE results in a loss of over $219,000 for the whale. Some analysts see the stop-loss action as reasonable to mitigate further losses, while others believe it is hasty and that the asset might rebound. The incident highlights the volatility of the crypto market and the different strategies traders use to manage fluctuations.
- Content Editor ( u.today )
- 2024-12-19
150 Billion PEPE Stun Biggest Crypto Exchange Binance