The whale 0x3c9 suspected of using the profits earned on PEPE to buy ETH, buying 2,700 ETH in the past 12 hours
PANews reported on June 3 that according to the monitoring of on-chain analyst Ember, the whale 0x3c9 suspected that it used the profits earned on PEPE to buy ETH, and the money earned on other coins was used to supplement ETH.
He transferred PEPE to the CEX 4 days ago and took profit on PEPE, making a profit of about $6.86 million on PEPE. Then, in addition to withdrawing the stablecoin, it also withdrew 2,700 ETH (about $6.99 million) from Kraken to the address in the last 12 hours. This is roughly equal to the value of his earnings on PEPE, most likely using the profits to buy ETH.
The whale 0x3c9 currently holds about 36,700 ETH (about $95.75 million).
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