Early Investors in $PEPE Move Massive Amount of Tokens After Four Months of Inactivity

According to Odaily, one of the early investors in the PEPE cryptocurrency has transferred a staggering 4.511 trillion PEPE tokens to a new address after four months of inactivity. The value of the transferred tokens is estimated to be around $4.24 million, which represents a 5,070x increase in value.

The investor, known only by his online handle @ai_9684xtpa, initially purchased 22.360 trillion tokens for 1.86 ETH, equivalent to $3,889, just three days after PEPE launched. The average price per token at the time of purchase was just $0.000000001739. After selling a significant portion of the tokens, the remaining amount was distributed to three different addresses.

One of these addresses, jwynn.eth, is suspected of selling $7.55 million worth of PEPE in late May. The recent transfer of tokens to a new address 12 hours ago could potentially set up another sale. If so, the investor could make a profit of $3.98 million.