New PEPE Holder Expands Position with 107.8B Token Coinbase Withdrawal

An on-chain analyst reported that a new wallet increased its PEPE position by additional buys after withdrawing 1,078B tokens from Coinbase, now holding 2,186B tokens with a floating loss of approximately $140,000.

PEPE

Summary

An on-chain analyst observed that a new wallet increased its PEPE position by initiating additional buys. The wallet withdrew 1,078 billion PEPE tokens from Coinbase and now holds 2,186 billion tokens at an average cost of $0.00001173 per token, resulting in a floating loss of around $140,000. This activity highlights ongoing accumulation and volatility in the PEPE token market.

Terms & Concepts
  • PEPE Token: A cryptocurrency token often associated with meme culture, traded on various digital asset platforms.
  • Floating Loss: An unrealized loss occurring when the current value of an asset falls below its purchase price.