Giant Whale 0x3c9 suspected of using profits earned from PEPE to purchase ETH, buying 2700 ETH in the past 12 hours

PANews|Jun 03, 2025 11:57
According to on chain analyst Yu Jin's monitoring, it is suspected that Giant Whale 0x3c9 used the profits earned on PEPE to purchase ETH and used the money earned on other coins to supplement ETH.
He converted PEPE into CEX for profit taking four days ago, earning approximately 6.86 million US dollars on PEPE. In addition to withdrawing stablecoins, 2700 ETH (approximately 6.99 million US dollars) were also withdrawn from Kraken to the address in the past 12 hours. This is roughly equivalent to his profit value on PEPE, and it is likely that he used the profit to purchase ETH.
Giant Whale 0x3c9 currently holds approximately 36700 ETH (approximately $95.75 million).
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