Pepe

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PEPE

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A <a href="https://u.today/150-billion-pepe-pepe-withdrawn-from-binance-whats-up" rel="noopener noreferrer nofollow">Pepe</a> (PEPE) whale has shocked the broader cryptocurrency community with its market activity. Lookonchain, an on-chain analytics platform, noticed and shared the transaction in a <a href="https://x.com/lookonchain/status/1869580682101764212" rel="noopener noreferrer nofollow">post</a> on X.
<h2 id="pepe-whale-activity-reflects-market-caution">PEPE whale activity reflects market caution</h2>
Notably, the whale deposited 150 billion PEPE tokens valued at $2.72 million into crypto exchange Binance. The development suggests that the trader likely might execute a stop-loss order. The whale intends to limit losses by selling the PEPE tokens when its price falls to a specific level.
<blockquote class="twitter-tweet">
 After the market drop, a whale deposited 150B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a>($2.72M) into <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> to stop loss.This whale withdrew 150B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a>($2.94M) and 60B <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a>($1.52M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> on Nov 28.At current prices, the whale is facing a loss of $219K on <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> and $136K on <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a>.… <a href="https://t.co/kGDa9K7Z7z" rel="noopener noreferrer nofollow">pic.twitter.com/kGDa9K7Z7z</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1869580682101764212?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 19, 2024</a>
</blockquote>
Interestingly, the whale had earlier, on Nov. 28, withdrawn the same amount from the crypto exchange. However, the 150 billion PEPE was worth $2.94 million. The whale action when the withdrawal occurred hinted at a holding move.
Now, with PEPE’s price performance in significant decline, the whale’s deposit might mean it has decided to sell the asset.
PEPE <a href="https://coinmarketcap.com/currencies/pepe/" rel="noopener noreferrer nofollow">trades</a> at $0.00001927 as of this writing, representing a 9.55% dip in the last 24 hours. The whale has suffered a loss of over $219,000 on PEPE tokens at the current market price.
Analysts say it is, therefore, understandable to take a stop-loss action. This could mitigate further losses on the asset as its value plunges downward.
<h2 id="community-reactions-and-lessons-on-market-timing">Community reactions and lessons on market timing</h2>
The development has triggered a reaction from the broader crypto community — notably, a user, Human.AI.Blockchain (@humanDAO), highlighted that the incident serves as a reminder to all players in the crypto sector. According to them, it reveals that even big investors cannot always time the market perfectly.
However, others consider the move as being too hasty. They opine that the asset could post a <a href="https://u.today/xrp-4-days-of-sleep-whats-next-dogecoin-doge-hints-at-double-top-pattern-formation-pepe-pepe-loses" rel="noopener noreferrer nofollow">rebound</a> eventually, and he should not have capitulated. These latter groups are optimistic about a bullish cycle with the<a href="https://u.today/heres-whos-going-to-replace-gensler-as-new-sec-boss" rel="noopener noreferrer nofollow">replacement</a> the Securities and Exchange Commission (SEC) Chair announced.
The crypto space's divergent views reinforce the need for individuals to do their research. They emphasize the volatility of market conditions and the different approaches that traders adopt to manage price fluctuations. <a href="https://u.today/150-billion-pepe-stun-biggest-crypto-exchange-binance" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

150 Billion PEPE Stun Biggest Crypto Exchange Binance

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