The famous “100% win rate” $PEPE swing trader may finally be throwing in the towel🐸.
Just 5 minutes ago, the whale deposited another 532.3B #PEPE worth roughly $1.96M into Bitget , the first exchange deposit from this wallet in nearly two months. Then only minutes later, the wallet sent another 79.8B PEPE worth about $293K to the same exchange.
With the pace of deposits accelerating, it’s starting to look like a full exit could be underway.
This whale originally began building the #pepe position back in June 2024, eventually accumulating a massive 13.1T PEPE at an average entry around $0.00001683. If this latest batch is sold, the realized loss on that portion alone would be roughly 78%.
At current prices, the estimated total drawdown from the position is now around $6.99M.
Even after the recent deposits, the wallet still holds about 106.8B PEPE on-chain , though maybe not for much longer.
address: 0xa145Bd8C9E421D332718A4C416cbE4016b8992Dd
