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In an important step, 217 billion baby The tokens, worth approximately $4.54 million, were recently transferred to cryptocurrency exchange Kraken. The deal, which was reported by on-chain analytics platform Spot On Chain, suggests that the whale is once again benefiting from PEPE.
according to Spot on the chainThe smart whale deposited 217 billion PEPE worth $4.54 million into Kraken hours ago, potentially making a profit of $767,000 or 20% in just 17 days.
Despite the recent sell-off, Whale is still heavily invested in PEPE, holding 1.21 trillion PEPE tokens across two wallets with a current value of $25.1 million. Additionally, Whale still has $4.05 million in unrealized gains on his remaining holdings.
This is not the first time this whale has benefited from PEPE trading. Notably, earlier in 2024, the whale made $11.39 million, or 57.1%, in profits from his first PEPE trade, earning a reputation for timing the market well. This ability to lock in returns on short-term trades demonstrates both smart market timing and a deep understanding of coin cycles.
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In the past 24 hours, on-chain analytics platform Santiment listed PEPE among the coins seeing action on exchanges: “Additionally, watch for significant movement from WBTC, ENA, COMP, WLD, SPX, FTM, and PEPE,” Santiment wrote in a recent tweet.
At the time of writing, PEPE's price is down 1.74% in the last 24 hours to $0.00002036 and is down 3.76% weekly. PEPE began to decline two days later at the beginning of the year, peaking at $0.00002188 on January 4.
PEPE registers new Binance listing
In an important milestone for PEPE, the major cryptocurrency exchange Binance Announced the addition of additional Japanese Yen pairs, including PEPE/JPY. The move is expected to improve PEPE's exposure to the Japanese market, enhancing trade volume and overall market presence.
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According to a recent announcement by Binance, the move aims to expand the variety of trading options on Binance Spot and enhance trading experiences for customers. The new JPY trading pairs will be launched in two batches. The first batch, which includes PEPE/JPY, will be launched on January 9 at 8 AM UTC.
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