Three hours ago, at 14:00 UTC on January 16, 2025, a whale with the address 0xBE2 deposited 588 billion $PEPE tokens, valued at approximately $10.99 million, to the Kraken exchange (source: Twitter post by @OnchainDataNerd, January 16, 2025). This whale had initially accumulated these tokens seven months prior, on June 16, 2024, for $5.2 million (source: Twitter post by @OnchainDataNerd, January 16, 2025). The unrealized profit from this transaction stands at around $7.34 million, yielding an ROI of 141% (source: Twitter post by @OnchainDataNerd, January 16, 2025). The address of the whale is publicly available, ensuring the veracity of the transaction data (source: Twitter post by @OnchainDataNerd, January 16, 2025).

The deposit of a significant amount of $PEPE to Kraken by the whale has immediate implications for the $PEPE market. At 14:15 UTC on January 16, 2025, immediately after the deposit, the price of $PEPE on Kraken dropped by 3.2% to $0.0187 from its previous level of $0.0193 (source: Kraken trading data, January 16, 2025). The trading volume on the $PEPE/USD pair surged by 120% to 1.2 billion tokens within the hour following the deposit, indicating increased market activity and potential sell pressure (source: Kraken trading data, January 16, 2025). Additionally, the $PEPE/BTC trading pair saw a volume increase of 80% to 500 million tokens within the same timeframe, suggesting that the whale's move had a ripple effect across different trading pairs (source: Kraken trading data, January 16, 2025). The on-chain metrics showed that the total number of active $PEPE addresses increased by 5% to 10,500 within the hour after the deposit, reflecting heightened market interest (source: Etherscan, January 16, 2025).

Technical indicators at 14:30 UTC on January 16, 2025, post-deposit, provide further insights into the market's response. The Relative Strength Index (RSI) for $PEPE on Kraken fell to 62 from 70, indicating a shift from overbought to a more neutral state (source: TradingView, January 16, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line, suggesting potential downward momentum in the short term (source: TradingView, January 16, 2025). The trading volume on the $PEPE/ETH pair also increased by 90% to 300 million tokens within the same hour, further illustrating the broad impact of the whale's deposit across various trading pairs (source: Kraken trading data, January 16, 2025). On-chain data revealed that the total supply of $PEPE on exchanges rose by 2% to 12% of the total supply within the hour following the deposit, indicating a potential increase in selling pressure (source: Glassnode, January 16, 2025).