🐸📉 A wallet holding a massive amount of $PEPE has been dormant for about two months, suddenly came back to transfer 532.3 billion PEPE (worth ~1.96 million USD) to Bitget 💸, followed by a second transfer of 79.8 billion PEPE (~293 thousand USD) 👀
📊 Such moves often catch traders' attention, as pumping coins into exchanges is usually seen as prepping for a sell-off.
📈 This wallet had built a huge position of $PEPE during the year 2024, accumulating around 13.1 trillion PEPE at an average entry price of $0.00001683. At that time, the position reaped significant profits with the market's rise.
💔 But with these recent transfers, selling at current prices could lead to heavy losses. The report indicates that the remaining holdings are currently registering substantial unrealized losses. The wallet still holds around 106.8 billion $PePe on-chain, so traders are closely monitoring any new deposits to exchanges 🔍#pepe #بتكوين
📊 Such moves often catch traders' attention, as pumping coins into exchanges is usually seen as prepping for a sell-off.
📈 This wallet had built a huge position of $PEPE during the year 2024, accumulating around 13.1 trillion PEPE at an average entry price of $0.00001683. At that time, the position reaped significant profits with the market's rise.
💔 But with these recent transfers, selling at current prices could lead to heavy losses. The report indicates that the remaining holdings are currently registering substantial unrealized losses. The wallet still holds around 106.8 billion $PePe on-chain, so traders are closely monitoring any new deposits to exchanges 🔍#pepe #بتكوين