(Date: Monday 12 July 2024, 04:31 AM GMT):
In the cryptocurrency market, an early $PEPE investor has made waves by transferring a whopping 451.1 billion PEPE tokens to a new address after four months of dormancy. This massive transfer is valued at approximately $4.24 million, marking an astonishing 5070-times increase in value since the initial purchase.
As per the monitoring of @ai_9684xtpa, the investor initially bought 223.6 trillion PEPE tokens for 1.86 ETH, which was about $3,889 at the time, just three days after PEPE's launch. The average cost per token back then was a minuscule $0.000000001739. After offloading a significant chunk of these tokens, the remaining balance has been divided among three different addresses.
One of these addresses, jwynn.eth, reportedly sold $7.55 million worth of PEPE at the end of May. The recent movement of tokens to a new address, only 12 hours ago, could be setting the stage for another big sale. If this happens, the investor could potentially bag another $3.98 million in profit.
As of now, PEPE is trading at $0.000008588, experiencing a 5.76% drop in the past 24 hours, with a market cap of $3.61 billion.
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