Whale Moves 357.2 Billion PEPE To Binance Amid Price Dip, What’s Next?

Whale Transfers Significant PEPE Tokens to Binance

In a notable transaction, a substantial whale has transferred 357.2 billion PEPE tokens to Binance amidst a price decline. This significant move has raised speculation within the cryptocurrency community regarding its potential impact on the market.

PEPE Price Fluctuations and Whale Activity

Meme cryptocurrency PEPE has experienced a recent decline, losing over 10% in value within the past week, according to on-chain data. A major holder with the address 0xf22...a685c reduced their position, initially withdrawing 548 billion PEPE tokens from a centralized exchange at an average price of $0.00001341, worth approximately $7.35 million.

However, in the past 16 hours, the holder has sent 357.2 billion PEPE back to Binance through two transactions at a lower price of $0.00001157. The first transfer comprised 170.3 billion tokens, while the second involved 186.95 billion, totaling $4.14 million.

This transaction indicates the whale's strategic repositioning, potentially anticipating further price declines or exploring new market opportunities. If sold at the current rate, the whale would incur a $660,000 loss, with the remaining tokens still experiencing a loss of $320,000.