In recent days, the cryptocurrency market has witnessed significant movements, including a substantial sale of PEPE tokens and new ETH deposits on Binance.
Sale of PEPE Tokens
A major pepe (PEPE) token whale recently moved 600 billion PEPE tokens worth $6.04 million to the Binance exchange. This whale had previously withdrawn 2.2 trillion PEPE tokens worth $27.64 million from Binance about a month ago. So far, he has deposited parts of this stash back to Binance and is left with no PEPE tokens. Consequently, the whale's wallet lost $3.5 million from this PEPE trade.
New ETH Withdrawals
Another observed crypto activity involved a newly created wallet that withdrew 3,201 ETH worth $8.1 million via Binance. Additionally, several whale addresses were noted to have purchased a total of $5.5 million worth of Hyperliquid (HYPE) tokens.
Bitcoin Market Dynamics
Today, the world's largest cryptocurrency, Bitcoin, fell by 1.1%, declining to around $103,000.
Overall, the latest developments in the crypto market highlight active sales and purchases by major investors, continuing to influence the dynamics of key cryptocurrencies.
