The famous “100% win rate” $PEPE swing trader may finally be throwing in the towel🐸. Just 5 minutes ago, the whale deposited another 532.3B #PEPE worth roughly $1.96M into Bitget , the first exchange deposit from this wallet in nearly two months. Then only minutes later, the wallet sent another 79.8B PEPE worth about $293K to the same exchange. With the pace of deposits accelerating, it’s starting to look like a full exit could be underway. This whale originally began building the #pepe position back in June 2024, eventually accumulating a massive 13.1T PEPE at an average entry around $0.00001683. If this latest batch is sold, the realized loss on that portion alone would be roughly 78%. At current prices, the estimated total drawdown from the position is now around $6.99M. Even after the recent deposits, the wallet still holds about 106.8B PEPE on-chain , though maybe not for much longer. address: 0xa145Bd8C9E421D332718A4C416cbE4016b8992Dd #TokenizedStockMarketCap1.6B USA TradeDeficit Tariffs Markets Crypto
Echo Protocol hit by $77M exploit after unauthorized eBTC mint on Monad
Echo Protocol, a Bitcoin-focused DeFi platform, has reported a major security breach resulting in roughly $77 million in losses. According to the incident details, an attacker gained access to a compromised admin key and used it to mint around 1,000 eBTC tokens without authorization on the Monad blockchain. In response, the team has paused all cross-chain transactions while it investigates the exploit and works to contain any further impact.