Whale investor sells $2.7M in Pepe $PEPE : while the frog-themed cryptocurrency sharply corrected over the weekend.
What happened
The on-chain tracking platform Spot on Chain reported a massive sale of PEPE by a trader with huge cryptocurrency holdings.
The trader, nicknamed “super whale”, sold 74.070 billion PEPE, equivalent to 1.53 million dollars, in exchange for 448.1 Ethereum $ETH (CRYPTO:ETH) on Sunday. In the last three days, he liquidated a total of 130.200 billion PEPE, amounting to 2.71 million dollars, in exchange for 891 Ether.
Despite this massive sale, the whale still retains the astonishing amount of 3.241 trillion PEPE, valued at 64.1 million dollars, with a profit of 68.3 million dollars, representing a return on investment of 12.6 times
