Damn, the Binance hacker’s move was absolutely brutal: they dumped all 7.77 trillion tokens of $PEPE , pocketing $30 million!
The wildest part is that this move buried Sun. Just last night, Sun was happily admiring his $180 million in unrealized profits. Then he woke up to find the hacker had precisely blown him up, shrinking his profits to just $4 million. The two had almost exactly the same average entry price. This wasn’t just the hacker making an exit—they were cashing out right over Sun’s head. Sun really got played for a fool this time.
Price outlook: The hacker’s complete sell-off means the most intense wave of capital flowing into $PEPE has now completely dissipated, at least in the short term. From here, the price will most likely grind down as it searches for a bottom. Retail investors who followed Sun into the trade are all stranded at the top. Don’t count on a V-shaped recovery. Even if the broader market $BTC rallies, this frog is likely to lie motionless at the bottom. Every small bounce is a chance to get out.
The wildest part is that this move buried Sun. Just last night, Sun was happily admiring his $180 million in unrealized profits. Then he woke up to find the hacker had precisely blown him up, shrinking his profits to just $4 million. The two had almost exactly the same average entry price. This wasn’t just the hacker making an exit—they were cashing out right over Sun’s head. Sun really got played for a fool this time.
Price outlook: The hacker’s complete sell-off means the most intense wave of capital flowing into $PEPE has now completely dissipated, at least in the short term. From here, the price will most likely grind down as it searches for a bottom. Retail investors who followed Sun into the trade are all stranded at the top. Don’t count on a V-shaped recovery. Even if the broader market $BTC rallies, this frog is likely to lie motionless at the bottom. Every small bounce is a chance to get out.
