PANews reported on December 3 that Spot On Chain monitoring showed that a giant whale had just transferred 356.2B PEPE (worth US$7.3 million) to Kraken, realizing a 31-fold profit.

The whale withdrew 375.65B PEPE from Gemini at a price of US$237,000 on September 20, 2023, and began to sell them in batches through decentralized exchanges and Kraken on February 17, 2024, cashing out a total of US$7.54 million.