A major Pepe (PEPE) whale made 12.6x profits by selling millions of dollars and invested his profits in a new altcoin.
According to data from on-chain analysis platform Spot On Chain, a major PEPE whale in the cryptocurrency market has attracted attention with its large transactions in recent days. While the whale attracted attention with the large profits it made from PEPE sales, it also turned to purchasing a new token, EigenLayer (EIGEN).
Great Profits from PEPE Sales$PEPE
Today, the whale sold 74.07 billion PEPE tokens for 448.1 ETH, equivalent to $1.53 million, during a period when prices were falling. In the last three days, he sold a total of 130.2 billion PEPE for $2.71 million (891 ETH), making a significant profit. After these sales, the whale still has 3.241 trillion PEPE (worth $64.1 million). The whale, who made a total profit of $68.3 million, managed to increase his investments by 12.6 times.
Increasing Tendency to EIGEN$EIGEN
After the PEPE sale, the whale appears to be following a new investment strategy. Over the last two days, the whale spent 181.3 ETH ($612,000) to buy 217,348 EIGEN tokens, accumulating a total of 1.608 million EIGEN (worth $4.31 million). He has made a profit of $479,000 from this investment strategy so far, representing an increase of 11%.
The transactions made by the whale reveal the activity in projects such as PEPE and EIGEN and the impact of whales on the market. The large profits from PEPE sales and the increasing accumulations in EIGEN may increase the interest in these projects and cause investors to be careful.
These developments indicate that there may be more volatility in the market. The movements of whales continue to be closely monitored by crypto investors.