en.bitcoinsistemi.com
While the cryptocurrency market is stagnant, two whales have invested a significant amount in a memecoin.
First, a crypto whale with a short address of 0xbe2 withdrew $2.47 million worth of $PEPE tokens via Kraken. With this transaction, the whale's total $PEPE withdrawals via Kraken reached 582 billion tokens. The wallet purchased these tokens for an average price of $0.000008946.
The whale’s $PEPE tokens are thought to be worth a total of $5.21 million. Despite this large stash, the whale wallet has not made any sales.
However, current market conditions have not been favorable for the whale. $PEPE assets currently stand at $4.37 million, reflecting an unrealized loss of $842,000, or approximately 16.2%.
Similarly, the whale wallet with short address 0x689 recently withdrew 500 billion $PEPE tokens worth $3.73 million from Kraken at a price of $0.000007445. Interestingly, this move came just three days after the same whale deposited the same amount at a higher price of $0.000008031.
This whale is currently whale 0x689, with a total holding of 5.57 billion $PEPE tokens worth $750.33 million. However, the whale is facing a significant unrealized loss of $2.43 million, equating to a 20.2% drop from their initial investment.
*This is not investment advice.