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Pepe ($PEPE) whale deposited a notable 395.92 billion tokens worth $3.4 million on Binance.
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With this dump, Whale has made a total profit of over $5.06 million.
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The last time, when Whale dumped tokens, $PEPE experienced a price drop of over 16%.
Today on August 9, 2024, the on-chain analytic firm Lookonchain made a post on X (previously Twitter) that has gathered widespread attention from the crypto community. In the post, Lookonchain shared that a Pepe ($PEPE) whale recently deposited a significant 395.92 billion tokens worth $3.4 million on Binance.
$PEPE Whale dumped 396 billion tokens
However, whale dumped this significant amount of tokens during the ongoing market recovery and the recent bullish breakout in $PEPE. Despite this dump, this whale has made a total profit of over $5.06 million and generated nearly 200% return on its investment.
Apart from this, $PEPE has recently experienced a breakout of the consolidation zone and it is currently retesting that level. However, the last time when $PEPE gave a breakout of the consolidation zone it experienced a price surge of 180%, in 37 days. This time there is a similar expectation traders and investors are expecting from $PEPE.
In the coming days, if $PEPE manages to hold itself above the 200 EMA, there is a high chance it could soar 50% to the $0.0000127 level.