PANews reported on June 3 that according to monitoring by on-chain analyst Yu Jin, the giant whale 0x3c9 is suspected to have used the profits earned from PEPE to purchase ETH, and used the money earned from other coins to supplement ETH.
He transferred all his PEPE to CEX 4 days ago and took all the profits, making a profit of about $6.86 million on PEPE. In addition to withdrawing stablecoins, he 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 profit value of his PEPE, and it is likely that he used the profit to buy ETH.
The whale 0x3c9 currently holds about 36,700 ETH (about 95.75 million US dollars).
