Whale Transfers $3.7 Million in PEPE Tokens to Coinbase, Exits Position

A PEPE whale liquidated its remaining $3.7 million holdings on November 13 by transferring them to Coinbase, after previously controlling $46 million worth in June 2024.

PEPE

Summary

On November 13, 2024, a cryptocurrency whale identified as address 0x2f3 transferred its remaining PEPE tokens worth $3.7 million to Coinbase, completing a full liquidation of its position. The address had held PEPE since June 2024, during which it once controlled $46 million worth of the token at its peak.

Terms & Concepts
  • Whale: A cryptocurrency investor holding significant amounts of a digital asset, capable of influencing market movements.
  • PEPE: A meme-based cryptocurrency token inspired by the internet meme 'Pepe the Frog', often traded for speculative purposes.
  • Coinbase: A major U.S.-based cryptocurrency exchange platform allowing users to buy, sell, and store digital assets.