Pepe faces a massive wave of profit-taking by whales after its recent Binance listing
As reported by U.Today, A major Pepe whale recently transferred an enormous sum of 4.23 trillion Pepe tokens, equivalent to about $15.6 million, to Binance. The move, which came shortly after Pepe's listing on the exchange, sparked speculation about a possible price crash in the near future.
Despite concerns over the token's speculative nature, Pepe has seen its market cap skyrocket toward more than $1.5 billion, according to CoinGecko data. The sudden rise attracted plenty of attention from speculators. that the top 15 holders of Pepe tokens, excluding exchanges and contract addresses, collectively hold 38.07 trillion Pepe tokens, representing 9.05% of the total supply. These holders have made a total profit of $92.6 million, with an average buying cost of $0.
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