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.

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.

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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