A whale has transferred 217 billion PEPE tokens worth nearly $4.54 million to the Kraken crypto exchange, potentially securing a profit of $767,000 or 20% in just 17 days. The whale still holds 1.21 trillion PEPE tokens across two wallets, amounting to $25.1 million, and has $4.05 million in unrealized gains. This is not the first time the whale has profited from trading PEPE, as it made $11.39 million earlier in 2024. On-chain analytics platform Santiment listed PEPE as one of the coins seeing movement to exchanges. PEPE's price has declined 1.74% in the last 24 hours and 3.76% weekly. Major crypto exchange Binance has added JPY pairings, including PEPE, to improve its exposure to the Japanese market.
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