There was a sharp decline in the cryptocurrency market today. In addition to the decline in Bitcoin, many tokens in the market, especially by altcoins, lost more than 20% in value.
Two Whales Sell at a Loss in PEPE Altcoin
Some whale activity has caught the attention of analysts and observers, with two major PEPE token holders closing their positions at a loss.
Some whale activity has caught the attention of analysts and observers, with two major PEPE token holders closing their positions at a loss. 0x31f adresine sahip bir balina, üç saat önce merkezi bir borsa olan Binance’e 3 trilyon PEPE token (2.85 milyon dolar) taşıdı. Balina, tokenları ortalama 0,00000117 dolar fiyattan satın alarak tahmini olarak 740.000 dolar zarar etti (Yatırım Getirisi: -%21.14).
Another whale with the address 0x432 traded 468.5 billion PEPE tokens ($430.5k) for ETH and stablecoin USDT seven hours ago.
Whale bought the tokens on May 9 from another centralized exchange, KuCoin, at a price of $0.00000201 ($942k). The average swap price was $0.000000919, with an estimated loss of $511.1k (ROI: -54.28%).
Both whales are known to be smart traders who have profited from other coins in the past. Whale 0x31f could be linked to whale 0x9e0, which earned an estimated $14.53 million (ROI: 1.364%) profit from PEPE between April 19 and May 7.
Whale earned more than $4 million from coins like 0x432, LDO, MATIC, and MAGIC.
*Not investment advice.