PEPE investor, who bought from the bottom, sold with a profit of 886 percent.
PEPE, one of the coins that gained the most value in the cryptocurrency rises of 2024, continues to make big gains to its bottom-buying investors. The whale, which made a large investment of 200 thousand dollars in meme token in October last year, sold after yesterday's declines. The whale's profit also exceeded $1.7 million.
While 2024 continued to pass as a "meme coin year" in terms of rises in crypto, one of the most rising tokens was PEPE. PEPE, which has risen more than 10 times since last year's lows (ATH level), and a whale that received it in October 2023 has realized its million-dollar profit today.
Bold purchase of 200 thousand dollars
The whale account made a purchase of 200 thousand dollars on October 26 last year. At that time, the rise in BONK, which was a Solana-based meme coin, drew attention. After BONK ignited the meme coin rush, one of the meme coins that gradually rose was PEPE.
This investor, on the other hand, did not sell PEPE for months despite all the rises. However, the whale account sold at noon today after yesterday's declines.
The investor, who sold all the PEPE coins he had, made $1.9 million. The profit rate was 886%.
PEPE, which has decreased more than 10 percent in the last 24 hours, is trading at 0.000011 dollars in the minutes when the news is written. The meme coin broke the all-time record with $0.000017 in May.
