Whale 0x432 just deposited the remaining 55.7M MEME ($844K) to KuCoin:

• transaction: 0x455baff6359874f5246c495640db9f7226b52c7460d4a72b83bb24cb7f79231f
• address: 0x4322fd98f95a219d2aae2bba6664e3574b4c3708

Notably, this marks the end of the whale's second MEME trade with an estimated loss of $937K (-52.6%) after over a month:

• withdrew 55.7M MEME from KuCoin at $0.03198 on average (estimated cost: $1.78M) on May 29, 2024;
• deposited all the tokens back to KuCoin at only $0.01515 ($844K) on July 5, 2024.

The bad performance in the second trade has caused the whale's cumulative profit from MEME to drop to $718K (+18%) even though the whale used to make a massive profit of $1.66M (+75.4%) from the first MEME trade between November 9, 2023, and March 21, 2024.

The MEME price dropped 10.47% in the past 24 hours, in tandem with the broad market crash.

While no longer holding MEME, the whale still holds 186B PEPE ($1.55M) and has an unrealized loss of $278K (-15.2%) from the token.

Fig 1. Whale 0x432's overall MEME trading history.