🚨 Alert: Massive #PEPE Sale 🛑
A significant transaction occurred on the blockchain three hours ago, involving a substantial quantity of PEPE tokens. A whale, identified by the address 0x48d93dabf29aa5d86424a90ee60f419f1837649f, executed a noteworthy trade, selling 155.1 billion PEPE tokens valued at $2.58 million. The sale was exchanged for 36.36 WBTC, marking a significant profit for the trader.
### Transaction Details
- Amount Sold: 155.1 billion PEPE
- Sale Value: $2.58 million
- Received: 36.36 WBTC
- Profit Realized: $1.39 million
- Percentage Profit: 116%
- Time of Transaction: Approximately 3 hours ago
### Purchase Background
The whale initially acquired these PEPE tokens on May 2nd, purchasing them at a price of $0.0000077. The acquisition was made using 400 stETH, which was valued at $1.19 million at the time. The tokens were held for several weeks, during which their value appreciated significantly.
### Price and Profit Analysis
- Purchase Price: $0.0000077 per PEPE
- Total Purchase Cost: $1.19 million (400 stETH)
- Selling Price: $0.0000166 per PEPE
- Selling Value: $2.58 million
- Net Profit: $1.39 million
- Profit Percentage: 116%
This transaction highlights the whale's strategic entry and exit points, capitalizing on the appreciation of PEPE's value over a relatively short period. The decision to convert the PEPE tokens into WBTC reflects a move to a more stable asset, likely for risk management or profit realization purposes.
### Address Details
- Whale Address: 0x48d93dabf29aa5d86424a90ee60f419f1837649f
- Initial Purchase Date: May 2nd
- Tokens Sold: 155.1 billion PEPE
- Transaction Time: 3 hours ago
Such large movements can impact market dynamics, influencing both token prices and investor sentiment.
