A meme coin investor who bought at the top in May 2024 did not sell despite the decline that continued for months and thus earned a million dollars.
According to data from on-chain and analytics platform Lookonchain, a whale purchased 240 billion PEPE tokens at a high price of $3.64 million on May 29. However, the PEPE price dropped following this purchase.
He knew how to wait and made a profit
Despite the price drop, the whale did not panic sell and held onto its tokens for 6 months. This morning, it completed the transaction by selling 240 billion PEPE tokens for $4.95 million. It made a profit of $1.31 million from this sale.
PEPE whale multiplied his money by 31
A similar story happened the other day. According to Spot On Chain, another PEPE whale deposited 356.2 billion PEPE ($7.3 million) from another exchange and thus earned $7.3 million.
This whale withdrew 375.65 billion PEPE from Gemini for just 237 thousand on September 20, 2023. By 2024, the whale had raised a total of $7.54 million by selling them through decentralized exchanges (DEX) and Kraken.
Stay tuned for new information.
#BinanceNextWave #Binance #Pepe #Btc