@degentradingLSD, one of the notable whales in the crypto market, transferred 254.65 billion PEPE$PEPE to the Binance exchange 13 hours ago.
He earned $4.81 million by transferring the token. While PEPE was met with great interest in the memecoin world throughout 2024, this transaction revealed the whale's strategic approach.
The whale has a total of 430 billion PEPE tokens, with a current market value of around $8.13 million. The whale has managed to make a significant profit of $7.74 million from this position. He also has other major altcoin investments in his portfolio, such as Dogecoin (DOGE) and Lido DAO (LDO).
Whale's DOGE$DOGE
investment stands out as another example of success. The whale, who currently holds 3.96 million DOGE, made a profit of $1.5 million from this position. However, the Lido DAO (LDO) investment currently falls a little short of the success line. The whale, who holds 2.5 million LDO, lost about $432,000 from this position, a loss of 9.5 percent. Still, the whale describes Lido DAO as the “strongest ETH beta ever” and expects this investment to yield positive results in the long term.
Recently, a flow of funds from memecoins to altcoins has been observed. It is seen that the profits from memecoins such as PEPE and DOGE are directed to altcoins with longer-term and stable potential. This shows that market dynamics are starting to change and investors are turning to more diversified strategies.