Whale Deposits 2 Million PIPPIN to MEXC, Realizes $3.6M Profit

According to data from Onchain Lens, on February 14, a cryptocurrency whale deposited 2 million PIPPIN tokens, worth around $1.04 million, into the MEXC exchange, securing a substantial profit of $3.6 million.

Whale's Transaction History

Looking back, the whale had previously withdrawn a total of 7.56 million PIPPIN from MEXC at a cost of $137,000. After a series of market moves, it still retains 2.03 million PIPPIN, valued at approximately $1.29 million.

Market Implications

This move has sparked speculation about the token's potential price action. PIPPIN has been one of the more active tokens recently, and large on-chain transfers often correlate with market movements, making it a token to watch.

• Deposit amount: 2 million PIPPIN (~$1.04M)
• Realized profit: $3.6 million
• Current holdings: 2.03 million PIPPIN (~$1.29M)