500 Billion PEPE Stun Coinbase, What’s Going On?
The post 500 Billion PEPE Stun Coinbase, What’s Going On? appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. A large deposit of 500 billion PEPE tokens to crypto exchange Coinbase in recent hours has caught the attention of the cryptocurrency community. This move coincides with the recent profit-taking on the crypto markets, with a handful of crypto assets trading in the red. According to on-chain analytics platform Spot On Chain, a PEPE whale has resurfaced after months of dormancy to make this significant move. The said whale, identified as wallet “0xc25,” resurfaced after six months of silence and deposited 500 billion PEPE worth $5.73 million to Coinbase. Withdrawals from exchanges signal buying, while deposits imply selling. A $3K bet turned into $51.25M—now this PEPE whale is making moves again! After six months of silence, whale “0xc25” deposited 500B $PEPE ($5.73M) to #Coinbase ~11 hours ago. This whale bought 4.914T $PEPE for just $3.01K on April 15, 2023, gradually cashed out 3.66T $PEPE for… pic.twitter.com/8jLyIcesXE — Spot On Chain (@spotonchain) January 29, 2025 The PEPE whale, in 2023, had put just $3,010 into PEPE, acquiring 4.914 trillion PEPE on April 15, 2023. Now this small bet has turned into a staggering $51.25 million, marking an astonishing 17,026x return. Related Over time, the whale strategically cashed out 3.66 trillion PEPE tokens, gaining $35.52 million in the process. Despite the massive sale, the whale still holds 1.25 trillion…
Filed under: News - @ January 30, 2025 12:27 am