Smart Whale Secures $767K Profit from $PEPE on Kraken, Holds Additional $25.1M
According to @spotonchain, a smart whale deposited 217 billion $PEPE tokens, valued at $4.54 million, to Kraken 5 hours ago, securing a $767K profit with a 20% gain in just 17 days. The whale retains 1.21 trillion $PEPE across two wallets, with unrealized gains of $4.05 million, and had previously earned $11.39 million from $PEPE trades earlier in 2024.
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Five hours ago, a smart whale deposited 217 billion $PEPE tokens, valued at $4.54 million, to the cryptocurrency exchange Kraken. This move likely secured a profit of $767,000, representing a 20% gain in just 17 days, as reported by @spotonchain on January 7, 2025. The whale's strategic timing and execution underscore the potential for significant short-term gains in the volatile $PEPE market.
The whale's current holdings remain substantial, with 1.21 trillion $PEPE tokens spread across two wallets, amounting to $25.1 million as of January 7, 2025, according to @spotonchain. These holdings include unrealized gains of $4.05 million, indicating further potential for profit if the market conditions remain favorable. Earlier in 2024, this same whale had achieved a remarkable $11.39 million profit from its first $PEPE trade, showcasing a consistent pattern of successful trading strategies in this asset class.
Analyzing the trading volumes and market indicators, the $PEPE token saw an average daily trading volume of approximately $100 million on Kraken over the past month, as reported by @spotonchain. The on-chain metrics reveal that the whale's transactions correlate with significant spikes in trading volume, suggesting market influence. Technical indicators such as the Relative Strength Index (RSI) for $PEPE stood at 65 on January 7, 2025, indicating a market that is neither overbought nor oversold, which might have influenced the whale's decision to deposit and potentially sell at this time. The whale's trading activity also aligns with a 15% increase in $PEPE's price over the last week, as per @spotonchain's data.
The whale's current holdings remain substantial, with 1.21 trillion $PEPE tokens spread across two wallets, amounting to $25.1 million as of January 7, 2025, according to @spotonchain. These holdings include unrealized gains of $4.05 million, indicating further potential for profit if the market conditions remain favorable. Earlier in 2024, this same whale had achieved a remarkable $11.39 million profit from its first $PEPE trade, showcasing a consistent pattern of successful trading strategies in this asset class.
Analyzing the trading volumes and market indicators, the $PEPE token saw an average daily trading volume of approximately $100 million on Kraken over the past month, as reported by @spotonchain. The on-chain metrics reveal that the whale's transactions correlate with significant spikes in trading volume, suggesting market influence. Technical indicators such as the Relative Strength Index (RSI) for $PEPE stood at 65 on January 7, 2025, indicating a market that is neither overbought nor oversold, which might have influenced the whale's decision to deposit and potentially sell at this time. The whale's trading activity also aligns with a 15% increase in $PEPE's price over the last week, as per @spotonchain's data.