Cryptocurrency onchain data today witnessed a crypto whale likely selling after suffering a major loss.
A major Pepe (PEPE) memecoin whale recently moved 600 billion PEPE tokens worth $6.04 million to cryptocurrency exchange Binance, data shows.
This whale had withdrawn 2.2 trillion PEPE tokens worth $27.64 million from Binance about a month ago. So far, he has deposited three parts of this stash to Binance and has no PEPE tokens left. According to calculations, the whale wallet lost $3.5 million from this PEPE trade.
On the other whale side, a newly created crypto whale wallet was observed to have withdrawn 3,201 ETH worth $8.1 million via Binance. In addition, several crypto whale addresses were observed to have purchased a total of $5.5 million worth of Hyperliquid (HYPE) tokens.
Today, the world’s largest cryptocurrency, Bitcoin, fell 1.1% to around $103,000.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/massive-whale-gives-up-sells-last-remaining-holdings-in-this-altcoin-suffers-losses/