PEPE Whale Moves 532.3 Billion Tokens to Bitget at Estimated $6.995 Million Loss

According to on-chain analyst Ai Yi, the whale has now sent its remaining 63.9 billion PEPE to Bitget, bringing the reported estimated combined loss on the transferred position to more than $17.12 million.

PEPE

Summary

A PEPE whale sent its remaining 63.9 billion PEPE to Bitget, worth about $2.357 million, after an earlier transfer of 532.3 billion PEPE to the same exchange. According to on-chain analyst Ai Yi, the latest deposit was made at $0.000003687 against an estimated cost basis of $0.00001683, implying a loss of roughly $0.84 million on that tranche. The source says total losses tied to the transferred PEPE could exceed $17.12 million. The transfer indicates movement to an exchange, but it does not by itself confirm that the tokens have been sold.

Terms & Concepts
  • Whale: A wallet or investor that holds a very large amount of a cryptocurrency, often large enough to influence market attention or liquidity.
  • Bitget: A cryptocurrency exchange where users can trade digital assets and, in some cases, move tokens for potential sale or custody management.
  • Cost basis: The original acquisition price of an asset used to measure profit or loss when the asset is transferred or sold.