Wallet Withdraws $20.32 Million in PEPE From Poloniex.

An address withdrew $20.32 million in PEPE from Poloniex, bringing transfers out of the exchange since Oct. 17 to $48.76 million.

The withdrawal totaled 4.65 trillion PEPE. On Oct. 18, the address received 7.2 trillion PEPE, valued at $28.44 million, from a Poloniex multisignature address. Together, the two moves account for the reported $48.76 million in PEPE transfers out of Poloniex since Oct. 17.

The address held 11.8 trillion PEPE, with an average withdrawal price of $0.000004114 per token and an unrealized gain of $2.085 million.

An unrealized gain is an increase in value on an open position that has not been locked in through a closing trade. The reported gain describes a change in the value of the address’s PEPE position, not proceeds from a completed sale.