Whale Exchanges LINK and BNB for PEPE and ETH in a Jaw-Dropping Trade

By Lola Coin Jun 28, 202371Views

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A whale in the crypto market has made a surprising move by divesting significant holdings of Chainlink (LINK) and Binance Coin (BNB) to acquire a massive amount of Pepe (PEPE) and Ethereum (ETH). The whale withdrew 1.93 trillion PEPE, equivalent to $3.03 million, from Binance, made possible by liquidating LINK and BNB positions. The whale sold 97,735 LINK and 9,883 BNB, incurring a loss of approximately $342,000. The funds were then used to purchase PEPE and ETH, suggesting a shift in the whale’s crypto portfolio. The motive behind this move is unclear, but it indicates a potential preference for PEPE and ETH over LINK and BNB. These moves by whales often impact cryptocurrency prices and trading volumes, highlighting the dynamic nature of the crypto market. Ethereum has seen a slight decline of 0.7% in the past 24 hours, while PEPE has declined by 5.7%.

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