The meme coin $PEPE has gained significant traction after being listed on both Robinhood and Coinbase. This triggered a sharp 46% price jump, pushing its value to $0.00001884, and spurred a wave of substantial on-chain transactions.
Key On-Chain Movements:
🔹 Market Maker Activity:
In the past hour, market maker Wintermute withdrew 840.5 billion PEPE, worth $15.76 million, from major exchanges like Binance, KuCoin, Kraken, and OKX.
🔸 High-Performing Whale Moves:
A whale, nicknamed the “PEPE Band Winning Rate 100% Whale,” recently transferred 122 million PEPE (about $1.65 million) to Binance. If sold, this could yield a $390,000 profit, while their remaining holdings still hold an unrealized gain of $3.28 million.
Whale Positions Signal Profit-Taking
Another significant investor, who initially acquired 2.02 trillion PEPE at an average price of $0.000001313 ten months ago, has started moving large amounts. Within the last hour, this whale transferred 500 billion tokens, valued at $11.17 million, to Coinbase. A full liquidation of these holdings could secure a $10.52 million profit.
The remaining holdings of this whale show an unrealized gain of $35.26 million, representing a staggering return rate of 1811%.
Market Volatility Ahead
As large-scale investors begin to lock in profits, $PEPE’s market dynamics are expected to remain highly volatile. With smart money shifting positions, traders are closely monitoring the next potential moves in this active and evolving market.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
