While $PEPE is still going through a 60% price rally, whales are actively withdrawing the token to self-custody, here's what it means
just 11 hours ago. This unexpected action has caused a flurry of speculation and intrigue within the cryptocurrency community.acquisition, the whale seemed to have offloaded approximately 97,735 LINK tokens and 9,883 BNB coins, incurring a loss of around $342K in the process. This suggests that the investor deliberately swapped these positions to pile up on PEPE tokens, also adding 227 ETH to their portfolio.
The whale's massive purchase and subsequent self-custody of PEPE tokens indicates a potential long-term investment strategy. It seems that the investor took advantage of the token's low price to buy a substantial amount at the bottom, intending to self-custody these tokens. This move implies confidence in PEPE's future performance and a willingness to weather current market volatility.However, despite the recent upswing, the PEPE token remains down by 66% from its all-time high.
While the actions of one whale do not dictate overall market trends, they often serve as a valuable barometer of investor sentiment and can potentially ignite substantial price movements.
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