According to Onchain Lens data reported by COINOTAG News on June 8th, a significant whale transaction involved the transfer of 1 trillion PEPE tokens to Binance, valued at approximately $11.65 million. This investor has maintained a substantial position in PEPE tokens for 21 days, demonstrating a strategic holding pattern. Initially, the whale withdrew 2.209 trillion PEPE tokens from Binance, equating to $27.68 million, and currently retains 1.2 trillion tokens worth around $14 million. This movement highlights notable liquidity shifts within the PEPE token market, emphasizing the importance of monitoring large-scale transactions to gauge market sentiment and potential price impacts. Such on-chain activity provides valuable insights for traders and analysts tracking token distribution and whale behavior in the evolving crypto landscape.
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Source: https://en.coinotag.com/breakingnews/whale-deposits-1-trillion-pepe-tokens-worth-11-65m-to-binance-after-21-days-holding/