Astounding amount of PEPE meme coin exchanged for Ethereum by anonymous whale
More whales dumping PEPE at loss this week
This is not the first time this week that whales have dumped their PEPE coins at a loss, though. Earlier, U.Today reported that three addresses, perhaps linked to the same whale, per @lookonchain"Smart Money" tracker,to the Binance exchange. This chunk of PEPE coins was sold for roughly $1.2 million at a loss of $242,000.
Prior to that, the whale had withdrawn this tremendous crypto lump from OKX exchange; before the selling it was evaluated at $1.5 million, @lookonchain says. The whale seems to have bought it on OKX after the PEPE team dumped a mind-blowing 16 trillion PEPE coins on that trading platform on Aug. 24. After this dump by developers, PEPE's reputation suffered a major dent in the crypto community, and among lovers of meme coins in particular.PEPE was unexpectedly launched in April this year by a team of anonymous developers.
On April 17, PEPE hit an all-time high of $0.000004354 and is currently trading 81.94% below that historic peak level.
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