A significant holder, often referred to as a ‘whale’, has deposited 1.6 trillion PEPE tokens valued at approximately $18.10 million into the cryptocurrency exchange Binance.
This transaction contributed to substantial holdings transferred by the entity over recent activity, amounting to the aforementioned total value.
The whale continues to experience an unrealized loss of $3.26 million on the deposited tokens due to prevailing market conditions and price volatility.
Despite this move, the wallet associated with the whale retains a significant holding of 600 billion PEPE tokens, currently valued at $6.39 million.
This substantial transfer underscores the active participation of large holders in the PEPE market and their strategic decisions during fluctuating prices.