A prominent whale, known as the “PEPE Band Winning Rate 100% whale,” has increased its position in $PEPE once again after a four-month hiatus.
Twelve hours ago, this whale withdrew 101.7 billion $PEPE from Binance, worth approximately $1.01 million. The last time this whale expanded its position was on June 20, making this a significant move after a long break.
This whale has been steadily building its position over the past four months, beginning on June 1. The total holdings now stand at 613.8 billion $PEPE, valued at $8.17 million.
With an average cost basis of $0.0000133132 per token, the whale is currently facing a floating loss of $2.18 million. However, despite the unrealized losses, the whale’s long-term involvement suggests confidence in $PEPE’s potential.
「PEPE 波段胜率 100% 巨鲸」时隔四个月再次加仓 $PEPE ！
12小时前他从 #Binance 提出 1017 亿枚 PEPE，价值 101 万美金；上一次加仓还在 06.20，知道有多少朋友挂念着你吗🥹
至此本轮波段自 06.01 起已横跨四个月，共建仓 6138 亿枚 PEPE（817 万美金），成本 $0.0000133132，目前浮亏 218 万美金 https://t.co/yJq39PrOyO pic.twitter.com/ZrgMQZ0aBs
— Ai 姨 (@ai_9684xtpa) October 12, 2024
New $PEPE Whales Makes Strategic Withdrawal
In another noteworthy development, a separate address, 0x5f6…AA021, entered the $PEPE market for the first time. Just 50 minutes ago, this address withdrew 32.28 million $PEPE from Binance, valued at $3.25 million, with an average acquisition cost of $0.00001007. This marks the first time this wallet has opened a $PEPE position, signaling new interest in the token from another major player.
Meme 老大哥 $PEPE 这是要站起来了？
地址 0x5f6…AA021 50 分钟前从 #Binance 提出 3228 万枚 PEPE，价值 325 万美金，成本约 $0.00001007，这也是该地址首次建仓 PEPE
前有 100% 胜率巨鲸加仓，后有新势力入场，看看 PEPE 后续走势如何🤔 钱包地址 https://t.co/sT8pGqymVw https://t.co/EsZ4gMG5fR pic.twitter.com/5aALUADzSf
— Ai 姨 (@ai_9684xtpa) October 12, 2024
The combination of the “100% Winning Rate Whale” adding to its position and a new whale entering the market suggests growing interest and potential volatility in $PEPE’s price movement.
Market participants are now closely watching how these moves will impact $PEPE’s performance in the near future. With two major players making bold moves, the token could see increased market activity in the coming days.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: loft39studio/123RF // Image Effects by Colorcinch
