According to recent analysis from LookIntoChain, a significant transaction has occurred involving a PEPE whale, which deposited a staggering 515.5 billion PEPE tokens into Binance via four distinct wallets in a brief seven-hour window, amounting to a valuation of $10.44 million. This movement has reportedly contributed to a temporary 4% dip in the PEPE price amid a broader Bitcoin pullback. Since July, this whale has withdrawn an impressive 742.5 billion tokens from Binance, averaging a selling price of $0.000007352. Should the whale proceed with the current sale, it stands to realize a profit of approximately $6.65 million, representing a remarkable 175% return on investment. These transactions highlight the ongoing volatility and strategic maneuvers prevalent within the cryptocurrency market.
Source: https://en.coinotag.com/breakingnews/pepe-whale-moves-515-5-billion-tokens-to-binance-impacts-and-insights-on-price-trends/