A whale address sold 110 billion PEPE again, losing $1.31 million
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According to on-chain data analyst Yujin, a whale address sold 110 billion PEPE for 1.916 million USDC on-chain about 30 minutes ago, losing $1.31 million (a yield of -22%) on PEPE by buying high and selling low. It is reported that the address spent 4.666 million USDC to purchase 265.8 billion PEPE in December 2024. Then, since the recent decline, it has sold 245.8 billion PEPE, exchanging them for 4.314 million USDC. Now, it still holds 20 billion PEPE (about $350,000).
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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