Giant Whale Engages in Large-Scale Sale of PEPE Coin, Resulting in Over $2.3 Million in Market Value Decline
Publication Time:2024-08-14 23:31:09
In recent market dynamics, a large-scale holder of cryptocurrency, often referred to as 'the whale', has captured the attention of investors. According to blockchain analytics platform Lookonchain, this giant whale conducted a major sale just 15 minutes ago, disposing of 500 billion PEPE coins in one go, causing its investment value in the coin to shrink by over $2.3 million. It is noteworthy that prior to this sale, the whale had taken an active buying strategy on the Kraken exchange, accumulating approximately 7503.8 billion PEPE coins at high price levels, with these assets valued at about $8.34 million at the time. However, following this sale, despite still holding around 2503.3 billion PEPE coins, the overall value of its investment portfolio has dropped to approximately $2.02 million. This operation has raised concerns among investors regarding the short-term trajectory of PEPE coin, and also highlights the sensitivity of large cryptocurrency holders to market fluctuations and their ability for rapid decision-making.
Cryptocurrency
Kraken Exchange
Giant Whale Operation
market fluctuation
PEPE coin