The famous frog-themed meme coin, Pepe Coin, finally moved on the recovery trail after the market crash on January 13.
A massive crypto whale has moved an incredible 588B PEPE tokens, valued at $10.99M, to the Kraken exchange. The whale acquired these tokens seven months ago for $5.2M, resulting in unrealized profits of $7.34M at the current PEPE price of $0.00001849. This translates to an impressive ROI of 141%.
The surprising part is that, despite holding these tokens for such a long period, the whale has never interacted with them until now. Now, the burning question is whether this movement signals the beginning of a sell-off. If so, it could significantly impact the PEPE token price.
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