A PEPE whale's major move has sparked curiosity and prompted a closer examination of the memecoin's on-chain data. An analysis of these...
on-chain data. An analysis of these on-chain metrics can give us insights into the market’s true trend and the prevailing sentiment among holders and traders. Including the whale in question.whale made a significant move less than 24 hours ago. The whale deposited 330 billion tokens, valued at approximately $2.53 million, into Kraken. This deposit typically suggests an intent to sell. In most cases, such a large transaction is likely profitable.
Interestingly, even after this significant sale, the whale still holds about 1 trillion PEPE tokens, valued at over $7 million. This means that while the whale is mitigating losses on some of the holdings, it still holds a significant position in PEPE. This might be so because the whale is anticipating a future recovery or price hike.Inflows refer to the deposits of PEPE tokens into exchanges, usually signaling a potential intent to sell.
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